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View all search resultsEnergy and Mineral Resources Minister Ignasius Jonan has said the enormous copper reserves in the Grasberg Mine in Papau will deliver large profits for Indonesia, after the country signed an agreement to gain control of the majority share of gold and copper miner PT Freeport Indonesia (PTFI).
The approval of the 26 plans of development in the first half has resulted in additional oil and gas production of around 580 million barrels of oil equivalent per day (boepd), Upstream Oil and Gas Regulatory Special Task Force chairman Amien Sunaryadi has said.
Indonesia’s foreign exchange reserves fell to US$128.06 billion in February from $131.98 billion in the previous month, as the central bank moves to stabilize the rupiah’s volatility and pay off the government’s foreign debts.
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