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Jakarta Post

RI and PNG consider joint investments in energy and mineral resources

  • The Jakarta Post

    The Jakarta Post

Jakarta | Tue, May 21 2013 | 05:45 pm

Indonesia and Papua New Guinea are sounding out the possibility of joint investments in energy and mineral resources at the border of the two countries.

'€œJoint investments could bring benefits to both countries,'€ said Energy and Mineral Resources Minister Jero Wacik after a meeting with Papua New Guinea'€™s State Owned Enterprises and Investment Minister Ben Micah in Jakarta on Tuesday.

Indonesia and Papua New Guinea also aim to establish a wide variety of cross-border partnerships that will help improve security in the area.

'€œWe discussed plans for the Papua New Guinea prime minister'€™s visit next month,'€ said Wacik, as quoted by Antara news agency.

Ben Micah said that few energy and mineral resources along the border of the two countries had been exploited.

'€œWe will establish a joint company with state-owned oil and gas company PT Pertamina to explore resources,'€ he said.

Three multinational oil and gas companies '€“ ExxonMobil, Total SA and Shell '€“ are exploring vigorously in Papua New Guinea. ( fan/ebf )

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