Indonesia targets attracting 34.8 bln USD in energy, mining
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has set the goal of attracting 34.8 billion USD in energy, oil and gas, and mining this year to propel economic growth and create jobs.
Jakarta (VNA) – The Indonesian Ministry of Energyand Mineral Resources (ESDM) has set the goal of attracting 34.8 billion USD inenergy, oil and gas, and mining this year to propel economic growth and createjobs.
Addressing a press teleconference on April 12, ESDMSecretary General Ego Syahrial said the figure reached 25.8 billion USD lastyear, or 20 percent lower than the initial target.
Specifically, the country targeted drawing 16.8 billion USDin upstream and downstream oil and gas exploitation, 9.9 billion USD inelectricity, 6 billion USD in mining and 2.1 billion USD in renewable energy.
To achieve such target, the Government has prepared severalpolicies to enhance investment in energy and mining.
Syahrial said the Government will provide financialincentives to encourage investment in upstream oil and gas exploitation,including removing value added tax on transactions of liquefied natural gas andexemption of tariff on imports./.
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Illustrative image (Photo: Internet) 
