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Reality bites for Indonesia’s oil ambition
A more pragmatic approach has seen the country reverse its production decline in 2025 but its 1m b/d target still seems out of reach
Indonesia’s upstream picks up the pace
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
Asia’s potential upstream powerhouse
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
Hydrocarbon Processing Refining Databook 2025: Asia-Pacific
A burgeoning middle class is boosting demand for refining capacity in Asia, with China leading the way and India also with many projects underway
Indonesia seeks to revitalise 1m b/d oil production dream
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
Indonesia prioritises domestic needs over LNG exports
The country’s hunger for energy will continue to compete with its LNG exports, even as more gas projects progress and new liquefaction capacity comes online
Jadestone sees opportunities in Southeast Asia
The AIM-listed independent is pushing ahead with developments in Indonesia, Malaysia and Vietnam, CEO Paul Blakeley tells Petroleum Economist
Indonesia looks to gas to cover growing energy needs
Recent elections and on-going LNG developments highlight the importance of domestic gas demand in the sprawling island nation
Indonesia considers LNG export restrictions
Rising domestic demand and the pressures of net zero are prompting the Southeast Asian country to look at limiting outflows of gas
Asia’s NOCs chart paths to decarbonisation
But none of the companies are poised to abandon oil and gas anytime soon
Indonesia
Craig Guthrie
3 December 2019
Follow @PetroleumEcon
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Indonesia moves to slash energy imports

President Widodo is pushing the upstream and downstream sectors hard to meet domestic demand

Indonesia’s government has overhauled the Pertamina leadership and set ambitious new exploration targets to further reduce the country’s dependence on oil and gas imports, which despite volume falling by nearly 20pc year-on-year, according to Statistics Indonesia (BPS), are still a drag on economic growth. President Joko Widodo, widely known as Jokowi, reshuffled the leadership of the country’s NOC, Pertamina on 22 November. He appointed Basuki Tjahaja Purnama, known as Ahok, as president commissioner, telling the popular former mayor of Jakarta—who only in January was released three and a half months early release from his two-year blasphemy sentence—to prioritise reducing imports. Widodo h

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