IBAI News

Sales purchase Agreements hamper efforts to reduce oil import : Official

Sales purchase agreements between domestic oil contractors and foreign firms may hamper the government’s effort to reduce oil import by requiring state-owned oil and gas holding Pertamina to buy all oil lifting produced by the contractors, an official says. Previously, President Joko “Jokowi” Widodo told Pertamina to buy all oil…

Trade Balance Indonesia: Big Monthly Trade Deficit in July 2018

Suhariyanto, Head of BPS, said Indonesia's trade deficit in July 2018 was actually different from before as the deficit occurred in both the oil & gas and non-oil & gas sector. Usually the deficit only occur in the oil & gas sector. Imports into Indonesia reached USD $18.27 billion in…
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