Wed, 11 May 2011


Indonesia promises incentives for investors in energy sector

JAKARTA, (Xinhua) Indonesian Energy and Mineral Resources Minister Darwin Zahedy Saleh has promised to consider providing fiscal incentives and more attractive production-sharing arrangements for potential investors in the energy sector, a media reported here on Monday.

The statement comes as the country seeks fresh investment in the sector to cater for a rapid expansion of domestic demand following the country's impressive economic growth in recent years.

"In a bid to encourage more investment, the government will consider providing incentives and more attractive conditions in production-sharing contracts," Darwin was quoted by the Jakarta Post as saying.

Indonesia's oil production may be below its target of 970,000 barrel per day this year.