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Oil Investment

Get Ready to Become a Net Oil Importer!

Tuesday, July 3, 2001

Actual investment and production realized in the national oil industry has slipped behind target. Security is the main factor behind this decrease. Next year will Indonesia's oil imports increase?

arsip tempo : 173233586236.

. tempo : 173233586236.

Is it true that Indonesia will import more oil next year? The answer is up in the air. If the declining trend in production and exploration for oil experienced in the first quarter of this year continues, then the answer must be yes. On the other hand, if the trend is reversed, its clear that oil imports could be decreased.

This problem first surfaced in a working meeting with Commission IX of the House of Representatives (DPR) not so long ag

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