Investment opportunity in the oil and mining sector still wide open
Tuesday, July 11 2000 - 04:00 AM WIB
The investment opportunities in the mining, oil and gas sectors are still wide open because Indonesia still needs new exploration to meet demands both from domestic and international markets, according to Subroto.
Subroto as chairman of the committee for the International Energy Conference (JIEC) - 2000, Indonesian Investment Summit on Mining and Energy to be held Jakarta on July 10 to July 12 said that the Indonesia would offer a number of projects in the electricity, general mining and oil and gas sectors to investors in the conference.
Subroto said at least 18 projects would be offered to investors, including gas projects in Jambi and Makassar, the "blue sky" project, the LPG project, the sulfur project in Cilacap, Central Java, and candle factory in Dumai.
Other projects would likely to be offered to investors include the electricity transmission projects for South Sumatra-Java-Bali, the fuel piping project in Java and LPG project in West Java.
Through the conference, investors could also learn how big the risks of investing in Indonesia would be, especially in the mines and energy sector.
"Through this conference, Indonesia will continue to become producer of oil and gas for a long term period," said Subroto, former minister of mines and energy and secretary general of the Organization of Petroleum Exporting Countries. (*)