Indonesia Economy Forum

[Nike]

Revitalizing manufacturing industry by Andi Abdussalam
Jumat, 7 Desember 2018 05:16 WIB - 0 Views

Reporter: Andi Abdussalam

Illustration. Fabric sewing workers in the C59 home textile industry in Bandung, West Java. (ANTARA PHOTO/Raisan Al Farisi)

Jakarta (ANTARA News) - Manufacturing industry is one of the country`s economic backbones and a main sector that supports national development.

Hence, the government is focusing on spurring the development of the manufacturing industry in order to become a sector that is globally competitive and reliable in promoting national economic growth.

In order to achieve these goals, steps for collaboration and synergy are needed among stakeholders, the government, business actors, academicians, and the community.

"We have just returned to manufacturing industries as a mainstream sector in national development. The Ministry of Industry is not alone in the efforts to carry out industrial development," Minister of Industry Airlangga Hartarto noted through his statement in Jakarta on Wednesday (Dec 5).

Hartarto, who delivered the statement at the High-Level Policy Round Table on Manufacturing Sector Review in Jakarta, explained that the government had launched the Making Indonesia 4.0 Road Map a clear strategy and direction to revitalize the national manufacturing industry to be more competitive in the international arena in the digital era.

"With the implementation of industry 4.0, it is believed that production will be more efficient with good quality," he stated.

In the meantime, Minister of National Development Planning (PPN) / Head of the National Development Planning Agency (Bappenas) Bambang Brodjonegoro remarked that the government was working to revitalize the domestic manufacturing industries so that growth would increase.

According to Brodjonegoro, manufacturing industry plays an important role in accelerating national economic growth. "So far, the manufacturing industry has contributed the most to gross domestic product (GDP). We have calculated the potential for economic growth. By looking at the current conditions, the scenario is 5.4-5.7 percent per year on average, and under an optimistic basis, the growth can be up to 6 percent in the period 2020-2024," he explained.

In order to further develop manufacturing industries, Hartarto added that strategic steps need to be taken to boost the competitiveness of the national manufacturing industry, including maintaining the availability of raw materials both from within and outside the country, so as to avoid disturbing the production process.

Then, more competitive energy costs, such as electricity and industrial gas, are needed. "The government also created a conducive investment climate through the provision of fiscal incentive facilities in the form of tax holidays and tax allowances," Hartarto added.

Another important factor is building productive industrial human resources (HR). In this case, the Ministry of Industry has implemented vocational education and training programs that `link and match` the vocational school students/SMK and industry at the polytechnic level.

This is one of the pilot projects for increasing HR competence in Indonesia. "The president has announced that the next period will focus on developing more massive human resources. We also collaborate with Switzerland and Germany to improve the curriculum, "he explained.

The development of human resources is one of the steps taken to face the fourth industrial revolution or Industry 4.0. The government has prepared the Making Indonesia 4.0 Road Map concept.

The aspiration contained in the Making Indonesia 4.0 Road Map is Indonesia`s target to be part of the 10 largest economies in the world by 2030, according to Head of Industrial Research and Development Agency (BPPI) of the Ministry of Industry, Ngakan Timur Antara, in Jakarta last month (Nov 25).

There are five manufacturing sectors which will serve as the pioneers in the application of industry 4.0 in Indonesia, namely the food and beverage industry; textile and clothing; automotive; chemistry; and electronics.

"We are spurring the development of the five sectors because they are able to contribute 60 percent to GDP, 65 percent to total exports, and 60 percent to industrial labor," Hartarto revealed.

Referring to the Central Bureau of Statistics (BPS) data, in the third quarter of 2018, the non-oil and gas processing industry grew by 5.01 percent, or an increase compared to the second quarter of 2018, which reached 4.27 percent.

In fact, the processing industry is still consistently giving the largest contribution to the GDP structure, with a share reaching 19.66 percent in the third quarter of this year.

Meanwhile, there are still sectors capable of surpassing economic growth in the third quarter of 2018.

These sectors include rubber and plastic industry, which grew by 12.34 percent; the textile and apparel industry, which grew by 10.17 percent; leather industry, leather goods, and footwear by 8.83 percent; base metal industry by 8.11 percent; and food and beverage industry by 8.10 percent.

Hartarto revealed that based on the 2017 World Bank report, Indonesia was able to rank highest in ASEAN for the contribution in the manufacturing sector to the world economy.

"For these achievements, Indonesia, with a 20.5 percent portion of contribution, is ranked fifth in the world among G20 countries," Hartarto stated through a statement in Jakarta on Wednesday.

According to data from the United Nations Industrial Development Organization (UNIDO), Indonesia is also ranked 4th in the world among 15 countries whose manufacturing industry`s contribution to gross domestic product (GDP) is above 10 percent.

UNIDO data show that in industrialized countries, the average manufacturing sector contribution to GDP only reaches 17 percent, while Indonesia is able to contribute up to 22 percent, below South Korea (29 percent), China (27 percent), and Germany (23 percent).

Indonesia surpassed Mexico (19 percent) and Japan (19 percent).

Editing by Yoseph Hariyadi
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[NEKONEKO]

Google to release low-priced mobile phones in Indonesia

The WizPhone WP006, said to be Indonesia's first smart feature phone, has taken the internet by storm after it was introduced at a Google for Indonesia event on Dec. 4 in Jakarta.

Unlike most mobile phones that are sold online or in stores, the bar-shaped phones will be available in Alfamart convenience stores for Rp 99,000 (US$7).

Feature phones typically have more simplistic features compared to smartphones, but the WP006 should not be underestimated. Despite its low price, classic form and T9 keyboard, it has built-in Google Assistant, 4G/LTE internet connection and the KaiOS operating system. Its virtual assistant supports the Indonesian language and can be accessed through a special button in the middle.

Moreover, KaiOS originates from KaiOS Technologies Inc., which is known for developing operating systems for smart feature phones. Google invested in the company in June and the two companies have worked together in developing Google Assistant, Google Maps, YouTube and Google Search for KaiOS users.

Scott Huffman, Google Assistant’s vice president of engineering, said the WP006 version of Google Assistant was not different from the smartphone version. “What makes it difference is its features,” Huffman told kompas.com.

Aside from featuring Wi-Fi, Bluetooth and GPS, the WP006 is also equipped with Qualcomm MSM8905 with 512 MB of RAM and 4 GB of internal storage. Produced by PT Wiz Indonesia Nirwana, it has front and rear cameras with a resolution of VGA and 2 megapixels respectively. It operates with a battery capacity of 1,800 mAh and has a standby duration of up to 250 hours.

Although Huffman was unwilling to reveal WizPhone’s release date in Indonesia, the official website of KaiOS Technologies Inc. stated that the first batch would be launched in the first quarter of 2019 in over 10,000 Alfamart outlets. (wir/wng)

http://www.thejakartapost.com/life/...se-low-priced-mobile-phones-in-indonesia.html

 

[Nike]

Pesawat, Pramugari, dan Makanan di Garuda Jadi Jadul, Kenapa?
Raydion Subiantoro, CNBC Indonesia
NEWS

07 December 2018 11:55

Foto: Penerbangan vintage Garuda Indonesia (dok Garuda Indonesia)
Jakarta, CNBC Indonesia - Garuda Indonesia mengoperasikan penerbangan yang berbeda hari ini, Jumat (7/12/2018), pada GA 304 rute Jakarta-Surabaya.

Pada penerbangan itu, mulai dari livery pesawat, seragam kru kabin, hingga makanan, mengingatkan kita pada operasional Garuda zaman klasik dulu.

Penerbangan itu memang bertajuk "Garuda Indonesia Vintage Flight Experience" dan dihadirkan Garuda sebagai upaya menghadirkan pengalaman berbeda bagi para penumpang.

Foto: Penerbangan vintage Garuda Indonesia (dok Garuda Indonesia)

Direktur Operasi Garuda Indonesia Capt Bambang Adisurya Angkasa mengatakan perseroan terus melakukan terobosan terbaru yang salah satunya dilakukan dengan menghadirkan nuansa vintage.

Adapun pada penerbangan vintage itu, brand livery pesawat Garuda Boeing 737-800 NG dicat bertemakan Garuda Indonesia Classic Brand, lalu pada inflight meals juga hadir Roti Bluder yang dikenal sebagai kudapan khas Madiun pada 1980an.

Foto: Penerbangan vintage Garuda Indonesia (dok Garuda Indonesia)

Di samping itu, kru kabin juga menggunakan seragam klasik 1970-1980an yang dirancang desainer terkenal dari Jepang, Hanae Mori.

Foto: Penerbangan vintage Garuda Indonesia (dok Garuda Indonesia)

Adapun layanan penerbangan "Garuda Indonesia Vintage Flight Experience" tersebut mulai dapat dinikmati pengguna jasa pada periode 7 - 17 Desember 2018 pada jam tertentu di sejumlah rute penerbangan yang dilayani Garuda Indonesia seperti rute:

1. Jakarta - Balikpapan pp I GA566 & GA569
2. Jakarta - Surabaya pp I GA304 & GA309
3. Jakarta - Singapura pp I GA846 & GA847

Pada penerbangan vintage hari ini di rute Jakarta-Surabaya, tingkat keterisian penumpang mencapai 100%.
(ray/dru)

https://www.cnbcindonesia.com/news/...ugari-dan-makanan-di-garuda-jadi-jadul-kenapa

Those girls can passed as Japanese with those uniform though

 

[trishna_amṛta]

View attachment 524975 View attachment 524976 View attachment 524977 View attachment 524978 View attachment 524979

It's always baffle me why Garuda has never commission kebaya style uniform that is also practical enough to do cabin crew chores (it's going to need high cut on the side though)

Not sure if it's my eyes (visual perception), but looking at those FA's pictures I can't help to notice that Citilink and even Lion Air has much better looking FA's

 

[NEKONEKO]

UPDATE 1-Indonesia's Pertamina reaches financial close on $1.8 bln gas power station project

* Project to be one of largest of its kind in SE Asia -Pertamina
* Construction set to start in third week of December
* Targetted to start commercial operations in late 2021 (Adds Marubeni statement, detail)

By Wilda Asmarini

JAKARTA, Dec 7 (Reuters) - Indonesian state-owned energy firm Pertamina on Friday said it reached financial close for a $1.8 billion integrated gas-fired power station project on Dec. 5 with Japanese partners Marubeni Corp and Sojitz Corp .

The project, located in Cilamaya, West Java province, would be one of the largest of its kind in Southeast Asia, Pertamina said in an emailed statement.

The consortium of lenders for the project includes the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance Co Ltd (NEXI), the Asian Development Bank (ADB), Mizuho Bank Ltd, MUFG Bank Ltd and Overseas Chinese Banking Corporation Ltd.

“The next challenge will be ensuring that the construction phase can be implemented on schedule (and on budget)”, said Pertamina Power Indonesia President Director Ginanjar, who goes by one name only.

The project will commence construction in the third week of December, and is targetted to begin commercial operation in December 2021, he said.

The project includes the 1,760 megawatt Jawa-1 combined cycle power station and an accompanying 170,000-cubic-metre floating storage and regasification unit (FSRU) that will process shipments of liquefied natural gas (LNG).

Civil engineering and construction of the plant will be carried out by Samsung C&T Corp, turbines are to be supplied by General Electric Co and the FSRU is to be developed by Samsung Heavy Industries Co Ltd, Pertamina said.

“Marubeni looks forward to supporting Indonesia’s development by contributing to the supply of stable electricity in the country,” Marubeni said in a statement.

The project has a contract to supply electricity to Indonesia’s state-owned power utility Perusahaan Listrik Negara (PLN) for 25 years.

https://www.reuters.com/article/ind...8-bln-gas-power-station-project-idUSL4N1YC2M0

 

[Logam42]

Why a critical OPEC meeting may end with confusion and lower oil prices

• OPEC and its oil market allies are widely expected to cut production at a critical meeting next week.
• OPEC believes it needs to throttle back output to balance the market after an oil price collapse, but Trump is urging the group not to cut.
• Analysts say OPEC, Russia and other producers may leave the market starved for details on their course of action, as they did at their last meeting in June.

https://www.cnbc.com/2018/11/30/opec-meeting-may-end-with-confusion-and-lower-oil-prices.html

Published 7:18 AM ET Fri, 30 Nov 2018 Updated 7:57 AM ET Fri, 30 Nov 2018CNBC.com

Leonhard Foeger | Reuters
Russia's Energy Minister Alexander Novak, Saudi Arabia's Energy Minister and OPEC conference president Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producing countries in Vienna, Austria, May 25, 2017.
When OPEC reached a deal with Russia and other producers in 2016 to end a two-year oil price slump, it was a relatively straightforward affair. The alliance announced it was slashing output, each country agreed to a specific production quota and international oil prices rallied about $7 a barrel.

Heading into next week's OPEC meeting, few analysts anticipate such decisive action or so clear-cut an outcome — even with the oil market near the bottom of the worst price plunge since the 2008 financial crisis.

To be sure, top OPEC producer Saudi Arabia and its Gulf allies are widely expected to orchestrate another output cut when producers meet in Vienna on Thursday. The signals are clear: Forecasters think the oil market will be oversupplied next year, the cost of crude has tumbled more than 30 percent in just eight weeks, and most OPEC members don't stand a chance of balancing their budgets at current price levels.

But the group is dealing with a very different set of challenges than it faced in 2016, including a U.S. president who is fiercely opposed to price-boosting production cuts. Analysts now expect the meeting to culminate with an official statement that leaves the market scratching its head over just how many barrels OPEC intends to take off the market.

"I do think there will be OPEC math," said Tamar Essner, director of energy and utilities at Nasdaq Corporate Solutions. "You'll have to figure out the cuts from baseline levels. I don't think it will be necessarily all that clear based on the statements."

That could result in a repeat of OPEC's June meeting. With oil prices rising rapidly, the group agreed to reverse course and hike output but offered little in the way of a blueprint.

The OPEC alliance agreed two years ago to keep 1.8 million barrels per day off the market, but by this last April, the group's output had fallen by about 2.7 million bpd. Instead of clearly stating they would correct by restoring about 1 million bpd, producers vowed to return to 100 percent compliance. The group also failed to release revised quotas for each nation.

Markets responded to OPEC's ambiguity by pushing oil prices higher, the opposite of what the cartel intended.

In the following months, U.S. crude rallied to a nearly four-year high at $76.90 a barrel, driven by fears of oil shortages ahead of U.S. sanctions on Iran. The price has since tumbled 35 percent over the last eight weeks, hitting a 13-month low at $49.41 on Thursday.

John Kilduff, founding partner at energy hedge fund Again Capital, says traders may punish oil prices if the OPEC statement once again disappoints the market.

"If this OPEC meeting falls apart, you could see prices rapidly fall down to potential support down to $42," he told CNBC's "Power Lunch" on Thursday. "There is a zone of congestion on the charts ... between $45 and $50, so it will be a tough slog, but your downside objective is $42."


OPEC's technocrats have signaled that the alliance needs to cut 1 million to 1.4 million barrels a day in order to deal with the looming oversupply. But sources recently told The Wall Street Journal that OPEC is wary of announcing cuts on that scale.

That is largely because Saudi Arabia enters Vienna next week badly bruised by revelations that agents of the kingdom murdered Washington Post columnist and U.S. resident Jamal Khashoggi last month. President Donald Trump is standing by his allies in Riyadh, but he's made it clear that he wants the Saudis to keep a lid on oil prices in return for his loyalty.

The upshot is Saudi Arabia must push through new production cuts without alienating Trump, who will be critical in shielding them from U.S. lawmakers. Trump's public criticism and his administration's back-channel talks played a role in persuading OPEC to hike output in June.

One strategy reportedly under consideration would see OPEC announce that its members will maintain the quotas they announced in 2016. In reality, that would mean several key producers would cut output, since they are currently pumping above those quotas.

Saudi Arabia, for example, is believed to be exceeding its 2016 quota by about 1 million bpd this month. Iraq exceeded its quota by about 300,000 bpd in October, while the United Arab Emirates topped its output cap by nearly as much.

However, Saudi Energy Minister Khalid al Falih stressed this week that the kingdom will not throttle back output alone, and it's unclear whether it has support for this strategy. Offering fewer details provides OPEC members a way to paper over disputes on the final deal.

Baghdad has historically resisted large cuts, saying Iraq cannot sacrifice oil revenues after weathering 15 years of war and unrest. Likewise, OPEC members Libya and Nigeria were exempt from the original deal in 2016 due to ongoing internal conflicts that curtailed their oil supplies. As of this week, they have not committed to cutting output, even though production has surged in Libya and ticked higher in Nigeria.

On Thursday, Reuters reported that Russia and the nation's energy firms are moving toward accepting production cuts, after several weeks of noncommittal statements.

However, analysts remain skeptical of Russia's commitment. Moscow can balance its budget with Brent crude around current levels, and cutting output requires negotiations with a web of partly state-owned energy firms and private companies.

"I think its possible that Russia just won't be involved in any kind of tangible way," said Derek Brower, a director specializing in political risk at RS Energy Group. "If anything, Russia will give verbal endorsement to cuts but then in practice not really do much in terms of restricting supply."

Possible Russia-OPEC production cuts push oil higher on the day 4:06 PM ET Thu, 29 Nov 2018 | 00:51
Brower also believes there's a high likelihood OPEC's official statement will leave the market parsing its policy. The key, he says, is the baseline that OPEC sets for production cuts.

If the group sets the baseline at this month's levels, when Saudi output likely hit a record 11 million bpd, the cuts would have less impact than if they were compared to a month when OPEC pumped less oil.

For the moment, those details appear to be undecided, and analysts say Saudi and OPEC leaders have been unusually quiet in the lead-up to the meeting.

"I think everything is still in play," Brower said. "There is no agreement on the baselines as things stand. There's no agreement on volumes. There's no agreement on exemptions."

"Our base case is that they're going to cut, but it's going to be underwhelming in a nutshell," he said.
___________________________________________

 

[Nike]

Sabtu, 08 Des 2018 16:30 WIB

Pembangunan Pabrik Kereta Terbesar RI Telan Rp 1,6 Triliun
Ardian - detikFinance

Foto: dok. INKA

Jakarta - Pembangunan pabrik kereta terbesar di Indonesia akan dimulai pada pertengahan Desember 2018. Pabrik yang dibangun di Kabupaten Banyuwangi, Jawa Timur ini akan menelan biaya Rp 1,6 triliun.

Direktur Utama PT INKA (Persero) Budi Noviantoro mengatakan, persiapan pembangunan masih dilakukan. DIa mengatakan, perizinan tidak menjadi kendala karena mendapat dukungan dari pemerintah daerah.

Pabrik kereta api ini akan dibangun di lahan seluas 83 hektare, menggunakan lahan milik PTPN XII. Pabrik ini akan menjadi terbesar, karena pabrik INKA di Madiun hanya 22 hektar. Dia melanjutkan, saat ini tengah berlangsung penunjukan kontraktor.



"Saat ini kami sedang proses teknis penunjukan kontraktor pelaksana pembangunan. Ya kurang-lebih seminggu ke depan selesai," katanya.

Dia mengatakan, pabrik ini ditargetkan operasi pada awal 2020. Pabrik ini akan memproduksi 3 gerbong kereta per hari. Dengan pabrik eksisting di Madiun yang memproduksi 1 gerbong, maka nantinya total produksi 4 gerbong sehari.

Baca juga: Pabrik Kereta Api Terbesar di RI Mulai Dibangun Bulan Ini

"Jadi sehari INKA akan memproduksi 4 gerbong per hari. Ini akan mempercepat pemenuhan pesanan kereta api dari berbagai negara yang telah memesan," kata Budi.

"Lokasi pabrik ini sangat strategis. Dekat dengan Pelabuhan Tanjung Wangi yang dikelola PT Pelindo III, lebih menyingkat waktu pengiriman ke luar negeri," cetusnya.

Industri baru di Banyuwangi ini, nantinya juga akan menyerap banyak tenaga kerja baik di level manajerial maupun teknisi operasional. Diperkirakan total tenaga kerja yang dibutuhkan mencapai 3.500 orang.

"Kebutuhan tenaga kerja pastinya kami utamakan bisa dipenuhi dari sekolah vokasi di Banyuwangi. Kami juga sudah bekerja sama dengan beberapa SMK untuk membuka kelas perkeretaapian," terangnya.

(zlf/zlf)

 

[Nike]

Construction of Java 1 power plant to begin

Jakarta | Fri, December 7, 2018 | 05:02 pm

The logo of state-owned oil and gas holding company Pertamina (Courtesy of/3dwarehouse.sketchup.com)

• 
  

Java 1, a combined-cycle steam and gas power plant, the biggest project of its kind in Southeast Asia, along with its floating storage regasification unit (FSRU), will enter the construction phase this month with a groundbreaking expected to be held in the third week of December.

The power plant project, with a total investment of US$1.8 billion, is to generate 1,760 megawatts (MW), with construction by two different consortiums -- PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR) – in Karawang, West Java.

Pertamina Power Indonesia (PPI), an electricity subsidiary of state energy holding company Pertamina, leads both the JSP and JSR consortiums, with stakes at 40 and 26 percent respectively.

Meanwhile, the other stakeholders in JSP are Japan’s Marubeni and Sojitz Corporation with respective shares of 40 and 20 percent. In JSR, Pertamina is collaborating with Humpuss, Marubeni, Mitsui OSK Lines and Sojitz.

Pertamina investment planning and risk management director Heru Setiawan reiterated that all electricity produced by the power plant, which is expected to be fully operational by December 2021, would be sold to state-owned electricity company PLN.

Java 1 will supply electricity to PLN for 25 years under a power purchase agreement (PPA) at a price of 5.5 US cents per kilowatt hour (kWh).

Both JSP and JSR are financed by a bank consortium consisting of Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance Co., Ltd (NEXI) and Asian Development Bank (ADB).

Meanwhile, the commercial banks involved are Mizuho Bank Ltd, MUFG Bank Ltd, Oversea-Chinese Banking Corporation Ltd, Crédit Agricole Corporate and investment bank Société Générale. (bbn)

http://www.thejakartapost.com/news/2018/12/07/construction-of-java-1-power-plant-to-begin.html

 

[Nike]

Konkret! Lotte Mulai Bangun Pabrik Petrokimia Rp 53 T di RI
Samuel Pablo , CNBC Indonesia
NEWS

09 December 2018 09:52

Foto: Ist Kementerian Perindustrian
Jakarta, CNBC Indonesia- Menteri Perindustrian Airlangga Hartarto meresmikan peletakan batu pertama (ground breaking) pembangunan komplek pabrik petrokimia PT Lotte Chemical Indonesia (LCI) di Cilegon, Banten, Jumat (7/12/2018) lalu.

Investasi Lotte Group asal Korea Selatan ini mencapai US$ 3,5 miliar atau sekitar Rp 53 triliun. Pabrik dengan luas area 100 hektar ini memiliki total kapasitas produksi naphta cracker sebanyak 2 juta ton per tahun. Bahan baku itu selanjutnya diolah untuk menghasilkan 1 juta ton ethylene, 520 ribu ton propylene, 400 ribu ton polypropylene dan produk turunan lainnya.

PILIHAN REDAKSI

• Lotte Mulai Bangun Pabrik Petrokimia Rp 48 T Akhir Tahun ini
• Pabrik Baru Lotte & Chandra Asri Pangkas 60% Impor Petrokimia
• Ke Korea, Jokowi Bertemu dengan Bos Hyundai, Lotte, dan Posco

Produksi Lotte Chemical ini nantinya ditujukan untuk memenuhi permintaan domestik maupun ekspor. Proses pembangunannya diproyeksi menyerap tenaga kerja hingga 1.500 orang dan tenaga kerja tidak langsung bisa mencapai 4 ribu orang pada periode 2019-2023.

Seperti diketahui, industri petrokimia menghasilkan berbagai komoditas yang dapat dimanfaatkan sebagai bahan baku pada industri kemasan, tekstil, alat rumah tangga, hingga komponen otomotif dan produk elektronika.

"Industri petrokimia sama pentingnya seperti industri baja, sebagai mother of industry. Untuk itu, kita perlu menjaga situasi lingkungan dan iklim usaha yang stabil agar proyek ini berhasil terlaksana dengan baik sehingga dapat memberikan kontribusi signifikan bagi perekonomian secara keseluruhan," kata Airlangga di Cilegon, seperti dikutip dari siaran pers, Minggu (9/12/2018).

Menurut Airlangga, industri petrokimia adalah sektor industri manufaktur yang padat modal, padat teknologi dan lahap energi sehingga perlu mendapat perhatian khsusus dari pemerintah untuk pengembangan yang berkelanjutan.

"Langkah ini seiring arahan Bapak Presiden Jokowi untuk terus menggenjot investasi, industrialisasi, dan hilirisasi. Upaya ini dapat meningkatkan perekonomian kita secara fundamental, dengan penghematan devisa dari substitusi impor, dan juga akan memperbaiki neraca perdagangan karena berorientasi ekspor," jelasnya.

Menperin menambahkan, pihaknya bertekad mendorong percepatan pembangunan komplek petrokimia ini supaya dapat mengurangi impor produk petrokimia minimal 50%.

"Kami juga berharap agar proyek ini lebih mengutamakan penggunaan komponen lokal. Termasuk tenaga kerja yang akan dilibatkan dalam proyek ini, harus lebih diutamakan dari dalam negeri," imbuhnya.

Dalam upaya memasok tenaga kerja yang kompeten, Kemenperin memfasilitasi pembangunan Politeknik Industri Kimia di Cilegon yang diharapkan dapat memenuhi kebutuhan operator atau tenaga kerja lainnya untuk pabrik Lotte. Pemerintah juga tengah berupaya memfasilitasi pemberian tax holiday.

Chairman Lotte Group Shin Dong Bin menyampaikan, pihaknya berkomitmen untuk turut membantu Indonesia agar perekonomiannya mampu melompat jauh. Untuk itu, investasi ini akan menjadi sejarah dalam upaya menumbuhkan industri petrokimia yang berdaya saing global.

"Semoga proyek kami yang terintegrasi ini bisa menjadi percontohan. Apalagi dengan adanya industri kilang olefin. Selain itu, produk kami dapat memenuhi kebutuhan dalam negeri sehingga mengurangi impor senilai Rp15 triliun," katanya.

Sebelumnya, Direktur Jenderal Industri Kimia, Tekstil dan Aneka (IKTA) Kemenperin Achmad Sigit Dwiwahjono menyebutkan kebutuhan nasional polyethylene sebagai bahan dasar plastik saat ini mencapai 5 juta ton per tahun.

Dengan tambahan produksi dari Lotte serta pabrik baru milik PT Chandra Asri, Sigit memproyeksi Indonesia akan mampu memenuhi sekitar 3 juta ton atau 50% kebutuhan polyethylene di tahun 2022.

https://www.cnbcindonesia.com/news/...-mulai-bangun-pabrik-petrokimia-rp-53-t-di-ri

 

[Nike]

KEK Galang Batang Diresmikan, Realisasi Investasi Rp5,6 T
CNN Indonesia
Sabtu, 08/12/2018 23:06
Bagikan :

Ilustrasi kawasan ekonomi khusus. (CNN Indonesia/Adhi Wicaksono)
Jakarta, CNN Indonesia -- Pemerintah meresmikan beroperasinya Kawasan Ekonomi Khusus (KEK) Galang Batang diBintan, Kepulauan Riau pada hari ini, Sabtu (8/12). Hingga kuartal III 2018, realisasi pembangunan dan investasi telah mencapai Rp5,6 triliun atau 15,45 persen dari target Rp36,25 triliun.

Sebelumnya, KEK Galang Batang ditetapkan melalui Peraturan Pemerintah (PP) Nomor 42 Tahun 2017 pada tanggal 12 Oktober 2017. Artinya, KEK Galang Batang menjadi KEK yang paling cepat beroperasi setelah ditetapkan, atau waktu yang dibutuhkan hanya selama 14 bulan.

Lihat juga:
Gaet Wisman Singapura, Kemenpar Dukung Bintan KasmaRun
Menteri Koordinator Bidang Perekonomian Darmin Nasution mengungkapkan KEK Galang Batang akan menjadi pusat kegiatan industri alumina dan turunannya serta logistik.


Investasi dan pembangunan kawasan ekonomi tersebut dilakukan oleh PT Bintan Alumina Indonesia selaku pengusul KEK Galang Batang.

"Dengan investasi tersebut diharapkan dapat mendorong aktivitas ekonomi wilayah serta akan menyerap tenaga kerja paling tidak sebesar 23.200 orang," kata Menko Perekonomian Darmin Nasution selaku Ketua Dewan Nasional KEK dalam keterangan resmi, dikutip Sabtu (8/12).

Realisasi investasi mencakup pembangunan fasilitas pengolahan alumina berkapasitas produksi dua juta ton per tahun dengan nilai investasi Rp1,65 triliun. Pembangunan fasilitas pengolahan ini dilakukan Bintan Alumina Indonesia bersama dengan perusahaan China Nanshan Group.

Kemudian, pembangunan pabrik briket dan batu bara senilai Rp870 miliar, pembangunan DAM Water Resevoir kapasitas 7.518.000 meter kubik dengan nilai investasi Rp196 miliar, dan pembangunan Pembangkit Listrik Tenaga Uap (PLTU) dengan nilai investasi Rp1,93 triliun. Pembangunan PLTU tahap I berkapasitas 6x25 MW ditargetkan selesai tahun 2021.

Selain itu, realisasi investasi juga meliputi pembangunan pelabuhan dengan dermaga yang telah selesai senilai Rp951 miliar.

Selanjutnya, Darmin mendorong keterlibatan masyarakat atas KEK Galang Batang agar dapat menjembatani kesenjangan sosial dan ekonomi. Kawasan KEK Galang Batang juga diharapkan mampu menggerakkan nilai tambah dan rantai nilai dari penyelenggaraan aktivitas di KEK dengan melibatkan dan membangun manfaat bagi masyarakat di sekitarnya.

Direktur PT Bintan Alumina Indonesia Santony mengatakan nilai investasi, pembangunan dan pengembangan KEK Galang Batang akan terus meningkat hingga mencapai US$5 miliar dalam sepuluh tahun ke depan.

Sekretaris Dewan Nasional KEK Enoh Suharto Pranoto menambahkan pemerintah memberikan insentif fiskal dan non fiskal yang lebih menarik bagi para investor KEK dibanding dengan insentif di luar KEK. Misalnya berupa keringanan pajak dan kepabeanan. Pada awal 2019, sebanyak tiga KEK akan mengekor untuk dioperasikan yaitu KEK Arun Lhokseumawe, KEK Bitung dan KEK Morotai.

https://m.cnnindonesia.com/ekonomi/...-batang-diresmikan-realisasi-investasi-rp56-t

 

[Nike]

Year ender - Trans-Java toll road ready for 2018 year-end travelers by Andi Abdussalam
Sabtu, 8 Desember 2018 18:38 WIB - 4 Views

Reporter: Andi Abdussalam

Cars are seen passing the Batang-Semarang section of Trans-Java during safety check and trial operation in Central Java on Friday (7/12/2018). ANTARA FOTO/Zabur Karuru/aww.

Jakarta (ANTARA News) - Several sections of the 1,150-kilometer Trans-Java Toll Road to connect Merak Port in the western tip of Java with Banyuwangi in the eastern part of the island are still under construction.

Yet, parts of the Trans-Java turnpikes that stretch 870 kilometers (km) from Merak to the East Java provincial capital of Surabaya will be readied by the end of this year to serve Christmas and New Year 2019 travelers. The remaining 280 km sections will be completed by the end of 2019.

Hence, Minister of Public Works and Public Housing Basuki Hadimuljono will ensure the readiness of the Trans-Java Toll Road to be used during the upcoming 2018 Christmas and 2019 New Year holidays.

Minister Hadimuljono noted in a written statement on Thursday (Dec 6) that he will review the readiness of the Trans-Java toll road, especially the four sections, measuring a total length of 180 km, that will be inaugurated by President Joko Widodo in December 2018.

The four toll roads are Pemalang-Batang Toll Road, measuring 33 km; Batang-Semarang, spanning 75 km; Salatiga-Solo, reaching 33 km; and Wilangan-Kertosono, stretching 39 km.

"Progress in the construction of the Pemalang-Batang, Batang-Semarang, and Salatiga-Solo toll road sections has reached 99 percent completion. Meanwhile, work on the Wilangan-Kertosono section has reached 95 percent completion. Small work, such as the median concrete barriers, still has to be completed. Next week, I will go there to review it," the minister stated.

In order to ensure the smooth flow of traffic and safety of travelers, the Ministry of Transportation has promised to improve and add regulations to toll road transportation ahead of the opening of the Trans Java Toll Road from Merak to Surabaya.

"Later, some regulations related to safety and comfort will be corrected and added. However, safety is the main aspect," Director General of Land Transportation of the Ministry of Transportation Budi Setiyadi stated during the Pre-Test of Function and Traffic Safety in Surabaya on Friday (Dec 7).

Based on the press release of PT. Jasa Marga Persero, Setiyadi noted that prior to the improvement of the regulation, the Ministry of Transportation will coordinate with the Directorate General of Highways of the Ministry of Public Works and Public Housing; Toll Road Regulatory Agency; and the Traffic Corps of the Indonesian National Police to obtain inputs regarding safety, technical conditions, physical toll roads, and others.

"In the short term, we are voicing (our seriousness and keenness) to offer Trans Java to the wider community by Christmas," Setiyadi said.

On the same occasion, Managing Director of Jasa Marga Desi Arryani said that a feasibility pre-test of the Trans Java Toll Road was conducted to ensure physical operation and readiness as well as safety before the Merak-Surabaya network was opened to the general public.

"We keep an eye on safety issues, so that road users feel comfortable. Ahead of going home this Christmas, there is still time for us to complete everything, from adding signs to other safety devices," said Arryani.

The feasibility pre-test starts from the Surabaya-Mojokerto Toll Road to the Mojokerto-Kertosono Toll Road, resting place 597 B on the Ngawi-Kertosono-Kediri Toll Road, Solo-Ngawi Toll Road, Semarang-Solo Toll Road, Semarang ABC Toll Road, and the Kali Kuto Bridge, which is part of the Batang-Semarang Toll Road.

In the meantime, President Director of state-owned toll road construction firm Waskita Kraya I Gusti Ngurah Putra remarked that the Trans-Java toll road can have dual impacts on national economic activities.

"Toll roads will operate and generate economic growth throughout or around the toll roads," Putra stated at the Waskita Karya office in Jakarta on Thursday (Nov 15).

By using the Trans-Java toll road, with sections connected from one end to another, the route from Jakarta to Surabaya can now be covered in some 10 hours. Thus, goods from East Java to Jakarta or otherwise, for instance, will also arrive at the destinations in fresh condition.

In addition, the frequency of departure of logistics trucks, which was usually only once, could now be increased to twice, leading to increase in productivity.

President Director of Waskita Karya cited as an example his encounter with a consultant who had once disclosed to him that the North-South toll road in Malaysia, after operating for more than a decade, could drive revenues up to some 30 percent of the country`s gross domestic product.

Based on its purpose, the development of toll road infrastructure must be integrated with economic growth centers, such as industrial areas, seaports, airports, tourist areas, and large-scale settlements, so it will provide optimal benefits for businesses, tourism, and industries.

According to President Director of state-owned toll road management firm PT. Jasa Marga Desi Arryani, the connectivity of the Trans-Java toll road, which will be realized in 2019, will have a positive impact on the public, as it will lower logistics costs and boost economic development around the toll road.

She added that the government had targeted to complete the construction of the 1,150-kilometer Trans-Java Toll Road from Merak to Banyuwangi by the end of 2019. Yet by the end of this year, the Trans-Java Toll Road from Merak to Surabaya will have been able to serve Christmas and New Year 2019 travelers.

Editing by Sri Haryati
Editor: Yosep Hariyadi

COPYRIGHT © ANTARA 2018

 

[Nike]

Muhammadiyah University to provide scholarship for African countries
Minggu, 9 Desember 2018 18:46 WIB - 0 Views

Reporter: antara

University of Muhammadiyah Malang (UMM). (Special)

Malang, E Java (ANTARA News) - University of Muhammadiyah Malang (UMM) in East Java Province will soon provide scholarship for students from African countries.

UMM rector Fauzan said here on Sunday that currently UMM is opening a lot of scholarship programs for students from developing countries. This year there are around 300 foreign students studying at UMM and some of them studying through scholarship programs.

"As soon as possible, we will open the scholarship programs for African students, so the Islamic University in Uganda (IUIU) can join. We also offer scholarship through cooperation with UMM partners such as Erasmus Mundus and Darmasiswa," Fauzan said.

He further said the plan of providing scholarship for African students had been discussed with the Deputy Rector of the Islamic University in Uganda (IUIU), Ismail Simbwa Gyagenda, when visiting UMM last weekend. The visit of the IUIU Deputy Rector was aimed at exploring UMM`s systems and methods in advancing the university.

Fauzan said at the meeting Ismail pointed out that IUIU lacked financial resources and lecturers. The only financial source obtained by IUIU is from the educational contribution from students.

Fauzan explained that UMM students only pay Rp4 million per semester.

"According to the deputy rector of IUIU, the tuition fee of Rp4 million per semester is inexpensive," he noted.

Fauzan said that the operational costs of UMM were also supported by the university`s business units. The revenues earned from these business units are used to support the operational costs. In addition, UMM`s business units are also used as applied laboratories for students.

Meanwhile, Ismail Simbwa Gyagenda said the UIUI only had about 9,000 students and most of them were poor. "So we have difficulty surviving," Gyagenda said.

He explained that the IUIU was the only Islamic university in Uganda. "The government pays very little attention to IUIU. Aid funds are also rarely available," Gyagenda said.

Uganda`s Human Development Index ranks 157 out of 182 countries.

The meeting between the UMM rector and the Deputy Chancellor of IUIU was the beginning of the cooperation between the two parties to develop the national education of each country.

Reporting by Endang Sukarelawati
Editing by Libertina, Bustanuddin
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[Nike]

Menyatukan asa untuk wujudkan swasembada pangan
Senin, 10 Desember 2018 09:25 WIB

Pewarta: Sumarwoto

Petani memasang jaring di areal persawahan Desa Muntung, Candiroto, Temanggung, Jawa Tengah, Selasa (13/11/2018). (FOTO/Anis Efizudin/kye.)

Purwokerto (ANTARA News) - Indonesia pada tahun 1984 pernah menorehkan sejarah dengan terwujudnya swasembada pangan karena produksi beras kala itu mencapai kisaran 27 juta ton, sedangkan konsumsi beras dalam negeri hanya 25 juta ton.

Bahkan, Pemerintah Indonesia di bawah kepemimpinan Presiden Soeharto kala itu mampu menyumbangkan 100.000 ton beras untuk korban kelaparan di sejumlah negara di Afrika.

Oleh karena itu, Presiden Soeharto mendapat undangan khusus untuk berpidato dalam konferensi ke-23 Organisasi Pangan Dunia (Food and Agriculture Organization/FAO) di Roma, Italia, pada tanggal 14 November 1985.

Akan tetapi, predikat swasembada pangan itu tidak bisa bertahan lama disandang Indonesia karena menjelang runtuhnya pemerintahan Orde Baru, impor beras kembali dilakukan dan terus melambung hingga kisaran tiga juta ton pada tahun 1995.

Kondisi tersebut diperparah dengan krisis ekonomi yang berlangsung pada tahun 1997-1998 karena berdasarkan data Badan Pusat Statistik (BPS) dan Kementerian Pertanian, produksi beras nasional pada tahun 1998 hanya mencapai kisaran 33 juta ton, sedangkan konsumsinya mencapai kisaran 36 juta ton sehingga impor beras makin melonjak.

Kini berbagai upaya untuk mengembalikan kejayaan Indonesia yang mewujudkan swasembada pangan terus dilakukan oleh pemerintah melalui Kementerian Pertanian, salah satunya upaya khusus padi, jagung, dan kedelai (upsus pajale).

Dalam upsus pajale yang mulai digulirkan pada tahun 2015, pemerintah menargetkan adanya peningkatan produktivitas padi, jagung, dan kedelai setiap tahunnya. Selain itu, peningkatan luas tambah tanam dan pencetakan sawah baru.

Pemerintah melalui Kementerian Pertanian pun mendorong dilakukannya modernisasi, yakni dengan mengoptimalkan alat dan mesin pertanian (alsintan) guna meningkatkan produktivitas padi, jagung, maupun kedelai.

Saat mengunjungi Desa Kembangan, Kecamatan Bukateja, Kabupaten Purbalingga, Jawa Tengah, pada tanggal 8 Mei 2018, Menteri Pertanian Andi Amran Sulaiman memberikan apresiasi atas upaya mengoptimalisasi pemanfaatan alsintan bantuan pemerintah di daerah itu.

Menurut dia, optimalisasi alsintan dalam mengolah lahan sawah di Desa Kembangan merupakan contoh yang sangat bagus karena berdasarkan laporan yang diterima, penggunaan empat unit alsintan secara berkelompok dapat menyelesaikan pengolahan lahan sawah seluas 15 hektare setiap hari.

"Oleh karena itu, kita bentuk brigade. Apa tujuan brigade? Ini adalah untuk mempermudah kontrol," kata Amran.

Selain itu, kata dia, mengoptimalkan alat dan mesin pertanian, mempermudah kontrolnya, perbaikannya mudah, biayanya murah, dan hasilnya bisa tiga kali lipat.

Ia mengatakan biasanya yang terjadi di Indonesia, kelompok tani yang punya alsintan akan menyimpan traktornya setelah selesai mengolah lahannya.

"Ini enggak boleh, sehingga kami membentuk brigade di seluruh Indonesia. Tidak boleh, bantuan pemerintah bukan dalam bentuk brigade, karena kami hitung-hitungan, itu pengolahan tanah dengan kapasitas traktor yang sudah dibantukan kurang lebih 250.000-300.000 unit, itu mampunya 50 ribu hektare per hari," tegasnya.

Amran mengatakan jika kemampuannya 50 ribu hektare per hari, berarti 1,5 juta hektare per bulan sehingga sudah lebih dari kebutuhan untuk padi, jagung, dan sebagainya.

Bahkan, biaya penggunaan alsintan lebih murah serta efisien dan menghemat anggaran hingga 40 persen dan lebih cepat sehingga yang biasanya menanam satu kali dalam setahun bisa menjadi dua kali, sedangkan yang dua kali dalam setahun bisa menjadi tiga kali.

Selain optimalisasi pemanfaatan alsintan, pemerintah juga mendorong adanya percepatan masa tanam, yakni dengan tidak membiarkan lahan sawah terlalu lama menganggur setelah panen selesai.

Saat menghadiri gerakan menanam padi secara serentak pada musim tanam pertama tahun 2018/2019 di Desa Kuntili, Kecamatan Sumpiuh, Kabupaten Banyumas, Jawa Tengah, pada tanggal 10 November 2018, Direktur Jenderal Hortikultura Kementan Suwandi mengatakan tanaman padi yang telah selesai dipanen, lahan sawahnya harus segera ditanami kembali untuk musim tanam kedua sehingga tidak terlalu lama dibiarkan menganggur.

"Maksimal seminggu, dua minggu. Jangan terlalu lama mengganggur, karena rata-rata bisa mencapai satu bulan sampai keluar singgang, berbuah lagi buah singgang," katanya.

Dalam hal ini, kata dia, ketika selesai panen dan masih ada air, lahan sawah tersebut langsung diolah agar dapat segera ditanami kembali, sedangkan untuk lahan-lahan kering yang mengandalkan hujan (sawah tadah hujan, red.), disarankan menggunakan sistem tanam benih langsung (tabela).

Program percepatan tanam dalam rangka mendukung program swasembada pangan itu pun mendapat dukungan dari petani di sejumlah daerah.

Ketua Kelompok Tani "Brayan Makmur" Desa Berta, Kecamatan Susukan, Kabupaten Banjarnegara, Jawa Tengah, Saidi, mengatakan percepatan masa tanam sangat membantu petani karena bisa menanam padi lebih awal dari biasanya.

"Apalagi kami dibantu oleh personel Babinsa (Bintara Pembina Desa) dalam melaksanakan percepatan tanam ini," katanya.

Sementara itu, Ketua Kelompok Tani "Mekar Jaya" Desa Tinggarjaya, Kecamatan Jatilawang, Kabupaten Banyumas, Jawa Tengah, Akhmad Jamjuri, mengatakan petani sangat merasakan manfaat percepatan masa tanam karena bisa panen lebih awal ketika harga gabah masih tinggi.

Dengan menyatunya asa petani, upaya pemerintah untuk mewujudkan swasembada pangan pada tahun 2024 bukanlah sekadar harapan, namun sebuah keniscayaan yang dapat terwujud.

Berbagai program yang diluncurkan pemerintah untuk meningkatkan produktivitas pertanian khususnya beras, mendapat sambutan positif dan dukungan dari petani dalam rangka mewujudkan swasembada pangan di Indonesia.

Apalagi berdasarkan data Kementan yang bersumber dari BPS, produksi beras di Indonesia dalam beberapa tahun terakhir cenderung meningkat karena pada tahun 2015 sebanyak 43,82 juta ton, tahun 2016 mencapai 46,13 juta ton, dan tahun 2017 sebesar 47,30 juta ton.

Sementara pada tahun 2018 ditargetkan sekitar 46,50 juta ton setara beras atau 80 juta ton gabah kering giling, sedangkan konsumsi beras secara nasional diperkirakan hanya 33,47 juta ton sehingga terjadi surplus beras 13,03 juta ton.*


Baca juga: Satgas Pangan mengawasi beras hingga tingkat bawah

Baca juga: Pengamat : anggaran Kementan harus dirasionalisasi

https://m.antaranews.com/berita/776329/menyatukan-asa-untuk-wujudkan-swasembada-pangan

 

[Nike]

Makin Cerah, 2 Proyek Kilang di Kalimantan Segera Digarap
Achmad Dwi Afriyadi - detikFinance

Foto: Achmad Dwi Afriyadi

Jakarta -
Pengembangan Kilang Balikpapan resmi dimulai. Hal itu ditandai dengan penandatangan kontrak engineering, procurement dan construction (EPC) yang berlangsung di Kantor Pusat PT Pertamina (Persero) pagi ini.

Hari ini, berlangsung juga penandatangan framework agreement grass root refinery (GRR) Bontang.

Penandatangan tersebut disaksikan Menteri Koordinator Bidang Perekonomian Darmin Nasution, Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan, dan Menteri Badan Usaha Milik Negara Rini Soemarno.

Dalam sambutannya, Direktur Utama Pertamina Nicke Widyawati mengatakan, adanya proyek ini akan meningkatkan produksi Pertamina.

"Baru saja kita saksikan penandatangan dua project besar yang pertama EPC contract RDMP Balikapapan. Jadi kita menambah kapasitas dari 260 barel per hari menjadi 360 barel per hari," ujarnya di Kantor Pertamina Jakarta, Senin (10/12/2018).


Baca juga: Pertamina Mulai Kembangkan Kilang Balikpapan Awal 2019
Kemudian, dia bilang, Kilang Balikpapan akan meningkatkan kualitas bahan bakar minyak yang dihasilkan. "Dan produksi yang sebelumnya Euro 2, ini kita produksi Euro 5," katanya.

Nicke melanjutkan, untuk Kilang Bontang tidak hanya memproduksi bahan bakar namun juga petrokimia.

"Ini kado ulang tahun untuk Pertamina. Setelah sekian lama kita tidak membangun refinery dan ini juga petrochemical yang akan kita bangun pertama," ujarnya.

Adapun perusahaan yang terlibat dalam proyek ini antara lain SK Engineering & Contruction Co Ltd, Hyundai Engeering Co Ltd, PT Rekayasa Industri, PT PP, serta Overseas Oil & Gas LLC.

Penandatangan kontrak EPC Kilang Balikpapan Foto: Achmad Dwi Afriyadi
https://m.detik.com/finance/energi/...-2-proyek-kilang-di-kalimantan-segera-digarap

 

[Nike]

Indonesian, Omani oil companies develop grass root refinery in Bontang
Senin, 10 Desember 2018 18:08 WIB - 3 Views

Reporter: antara

Pertamina (ANTARANews/ferly)

Jakarta (ANTARA News) - Indonesian oil and gas company Pertamina and Omani company Overseas Oil & Gas (OOG) here on Monday expressed commitment to developing the Grass Root Refinery (GRR) project or constructing a new refinery in Bontang, East Kalimantan.

This commitment was voiced in a framework agreement between the two companies, asserting that they will build a refinery, with a capacity of 300 thousand barrels per day, and a petrochemical plant in Bontang, East Kalimantan.

OOG is a company from Muscat, Oman, offering downstream oil and gas business services, with business scope including providing services in commercial structure (development), designing services with experienced personnel, providing construction and project management, covering operations and maintenance, and offering solutions for engineering and construction designs.

OOG was selected as Pertamina`s partner after clearing a partner selection mechanism for the Bontang GRR in January 2018.

The OOG attained the strategic partner status to work on this project with Pertamina after competing with several other competitors.

Pertamina`s Deputy President for Corporate Communication Adiatma Sardjito stated that Pertamina will derive several benefits from this cooperation project, one of which is optimizing capital expenditure to conduct other refinery expansion and construction projects, for instance, in Balikpapan in East Kalimantan, Cilacap in Central Java, Balongan in West Java, and Tuban in East Java.

Pertamina will also act as the off-taker in the fuel produced by GRR Bontang to meet domestic needs, especially of gasoline, aviation turbine, and liquefied petroleum gas.

"With the signing of the framework agreement with OOG today, we can advance the project to the next level, which is to conduct a Bankable Feasibility Study. This study will offer us a better understanding of the technical configuration of the refinery and the economical calculations of the project. This study will also recognize the risks that should be anticipated early since the project is started that is timely. Hence, the project is expected to run within the scope of the budget and focus on specifications, regulations, and economic targets," Adiatma explained.

Meanwhile, Pertamina`s President Director Nicke Widyawati emphasized that the most important aspect about this cooperation was the intergovernmental business scheme, or G-to-G.

The framework agreement will be valid for 12 months. The agreement will be continued with a Bankable Feasibility Study and Advanced Energy Study.

Reporting by Afut Syafril Nursyirwan
Editing by Libertina, Rahmad Nasution
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018