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View all search resultsThe Energy and Mineral Resources Ministry has given assurances that the three existing operators at the Corridor Block in South Sumatra will continue to play their respective roles after their contracts expire in 2023, even after state-owned holding company Pertamina takes over operations.
The long-delay in the issuance of the new regulation has not only caused legal uncertainty but also threatens six major mining firms in Kalimantan, which together account for almost 40 percent of national coal production of more than 500 million tons a year.
The declining trend has eased the government's gas subsidy burden, which may also prompt the ministry to maintain the current indirect distribution of subsidized gas instead of switching to the direct subsidy distribution it had planned for 2020.
Speculation is rife that at least three of his ministers — Coordinating Economic Minister Darmin Nasution, Energy and Mineral Resources Minister Ignasius Jonan and State-Owned Enterprises Minister Rini Soemarno — would likely fail to retain their seats in the Cabinet.
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