Indonesia Oil Output to Rise to 870,000 bpd in 2014

05 July, 2013 | Source: The Jakarta Globe

Indonesia’s oil output is expected to rise to 870,000 barrels per day in 2014, up about 30,000 bpd from this year’s target, the head of the country’s energy regulator said on Friday.


If Exxon Mobil’s Cepu block starts producing by October, next year’s production could rise further to 900,000 bpd, SKKMigas Chairman Rudi Rubiandini told reporters.

The former OPEC member was once self-sufficient in oil and gas but has been struggling for years to attract investment to halt declining output.

Southeast Asia’s largest economy has often missed annual oil production targets, which have gradually fallen from a peak of around 1.6 million bpd in 1995.


President Joko Widodo (Jokowi) has stated that according to US News and World Report survey results, Indonesia was in the second place among the world`s two most attractive countries for investment destination.
Indonesian President Joko Widodo (Jokowi) thanked the Asian Infrastructure Investment Bank (AIIB) for funding several Indonesia`s infrastructure projects.
President Joko Widodo expressed congratulations to mothers and women on the occasion of the International Women`s Day in front of the recipients of Smart Indonesia Card, Hope Family Program, and Social Rice (Rastra) assistance.
Presidential Chief of Staff Moeldoko received the visit of the American ambassador to Indonesia, Joseph R Donovan Jr, at his office in Jakarta on Monday, to discuss a number of bilateral cooperation, including joint military training.
The Kazakh government is interested to learn the Indonesian National Counterterrorism Agency (BNPT)′s soft approaches to deal with terrorism, BNPT Chief Commissioner General Police Suhardi Alius said in a press statement released on Sunday.
Indonesia`s Trade Minister Enggartiasto Lukita revealed that the country`s exports in 2017 had reached US$168.7 billion, a year-on-year increase of 19.8 percent.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669