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 September 10, 2015 - 8:09 AM EDT
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China Keen on Increasing Investment in Indonesian Oil and Gas Sector

JAKARTA, Sept 10, 2015 - (ACN Newswire) - China is still keen on increasing its investment in the oil and gas sector in Indonesia, an Indonesian official said.

The Chinese wanted to build small liquefied natural gas plants, produce oil and gas drilling pipes and shipyards to support oil and gas industry, a deputy of the Oil and Gas Regulator (SKK Migas) Parulian Sihotang said here on Wednesday night.

Parulian led an SKK delegation was on a visit here with the Supreme Audit Agency (BPK) to audit a number of Chinese oil and gas companies operating in Indonesia.

"We also met with leaders of a number of oil and gas companies and energy institutions such as China National Offshore Oil Corporation/CNOOC, Petro China Company/CNPC and Sinopec," he said.

Most participants in a meeting attended by representatives of 28 companies, xpressed interest in investing in Indonesia, he said.

"This certainly is positive. We also told the Chinese that Indonesia has a new paradigm that oil and gas explorations are concentrated more in the eastern region of the country," he said.

Parulian said SKK Migas would soon coordinate with the Capital Investment oordinating Board (BKPM) to facilitate the Chinese investors.

A number of Chinese companies already invested in the country's oil and as sector such as CNOOC which conducted oil and gas explorations in angguh, Papua and PetroChina which invested in and developed oil fields Jabung and Bangko (Jambi), Salawati (Papua) and Tuban in East Java.

Meanwhile, Sinopec is known with its investment in renewable energy and oil processing refining infrastructure.

Sinopec has project to process jetropha curcas and palm oil into fuel in Papua and East Kalimantan. --Antara.

Copyright 2015 ACN Newswire . All rights reserved.

Source: ACN Newswire (September 10, 2015 - 8:09 AM EDT)

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