Indonesia?s oil, gas exports rose 2.69 % in July

By Bambang Atmaja

The value of exports of Indonesia oil and gas in July rose 2.69 percent to US$2.978 billion from the previous month, the Central Statistics Agency (BPS) announced on Monday.

BPS Head Suryamin said the increase was supported by the increase in exports of oil derivative products by 8.14 percent to US$356.5 million, and gas by 4.98 percent to $1.718 billion.

But, the export of crude oil was down by 3.23 percent to $903.5 million on monthly basis.

The price of Indonesia crude oil at the international market was up to $102.88 per barrel in July from $99.08 per barrel in June, BPS said in its monthly report.

Accumulatively, the value of oil and gas exports in the first seven months of the year was down by 1.01 percent to $113.113 billion, from a year earlier.

Editing by Dadan Wijaksana