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As many as 12 oil and gas projects will start operational in 2020, Indonesia's Ministry of Energy and Natural Resources said.
Energy Ministry's Directorate General of Oil and Gas has decided to cut back on Pertamina's crude oil import quota for 8,000 barrels per day.
Oil and gas lifting last year reached 1.8 million barrels of oil equivalent per day (BOEPD), or just 90.5 percent of the targeted 2.025 million BOEPD.
The single price fuel distribution in 2020 will be targeted towards 83 regions.
The Natuna Sea in the vicinity of the Riau Archipelago contains the largest gas field reserves according to the SKK Migas.
SKK Migas is eyeing to increase national oil production up to one million barrels daily by the year 2031.
Pertamina Upstream Director Dharmawan Samsu announced the state-owned energy firm's 2020 budgeting plan of USD 150 million ( IDR 2.1 trillion).
President Joko "Jokowi" Widodo said the government would announce a mandatory use of diesel fuel mixed with 30 percent palm oil (B30).
President Jokowi reiterated his determination to combat oil and gas mafia, in order to reduce fuel imports and strengthen Indonesia's economy.
As of Monday, Ahok has officially been named as the commissioner of state-owned energy company PT Pertamina.
SOE Minister Erick Thohir met with Energy and Mineral Resources Minister Arifin Tasrif at the latter's office in Jakarta, today.
SKK Migas reported 63 cases from 2012 to 202 of oil theft at Rokan Block managed by Chevron Pacific Indonesia (CPI)
The central statistics agency, Statistics Indonesia or BPS, recorded August 2019's trade balance at a surplus of US$85.1 million.
SKK Migas deputy operation, Fatar Yani Abdurrahman, said that Pertamina could start the oil exploration in Rokan Block in early 2020.
The June 2019 trade balance surplus of US$196.0 million has improved the trade balance deficit in January-June 2019.
Masela Block's contractor, Inpex Corporation, is still looking for buyers of liquefied natural gas (LNG) from the Abadi gas field.
Coordinating Minister Luhut said that the government had taken measures to reduce the deficit on the oil and gas sector criticized by Jokowi.
BPS reported that Indonesia's export throughout May of this year increased 12.42 percent valued at USD 14.74 billion compared to April.
The Energy and Mineral Resources Ministry had auctioned off two of the five auctions for conventional oil and gas working areas to two operators
Pertamina and Malaysia's Petronas have signed a memorandum of understanding to develop the oil and gas business.
