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Indonesia unveils long-term oil, gas plan

01/18/2010
By Eric Watkins
Indonesia unveiled a long-term oil and gas management plan to attract $32 billion in investments for oil and gas facilities in 2010-14.About 70% of the spending budget is targeted for investment in gas facilities, including LNG and LPG refineries, receiving terminals, and residential pipeline networks. The remaining 30% is for oil facilities, including refineries and rigs.In 2010, Indonesia is aiming at $2.94 billion in oil and gas investment, while it expects to increase that total in 2011 to $3.18 billion.The government sees 2013 as the peak year for investment in oil and gas, with a target of $10.57 billion—more than twice the level of investment in 2012 at $4.32 billion.Kardaya ...
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