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View all search resultsThe Energy and Mineral Resources Ministry has revived a proposal that would allow private companies to sell electricity directly to the consumer through transmission owned by state-run utility firm PLN, which it hopes to include in the latest draft of the renewable energy bill.
According to data from the Finance Ministry, as of September, oil production stood at about 608,600 barrels per day (bpd). However, by the end of October, the energy ministry reported a decrease in production to 582,690 bpd.
Energy and Mineral Resources Minister Arifin Tasrif’s recent statement at the House of Representatives that oil companies would be allowed to choose either cost-recovery or the fixed gross-split scheme for their production sharing contract (PSC) will go a long way toward reinvigorating investment in exploration.
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