Indonesia to Take Over Mahakam Block, Freeport Operations

BLOKBERITA -- The Indonesian government will fully transfer East Kalimantan's Mahakam Block to the state-owned oil and gas enterprise Pertamina and take over Papua's gold mining operations currently managed by Freeport Indonesia.

" resident Joko Widodo again affirmed that the government has decided to hand over the Mahakam Block to Pertamina," Ministry of State Secretary Pratikno noted in a press release received by Antara here, Monday (25/5).

Currently, the Mahakam Block is still managed by the French oil company, Total E & P Indonesie and Inpex Corp. until 2017.

" As for Freeport, because the new contract runs out in 2021, the Ministry of Energy and Mineral Resources will gradually work to increase Indonesia's ownership," Pratikno revealed.

He pointed out that through this mechanism, Indonesia will be able to maintain the fiscal and increase economic benefits, which were earlier reaped by Freeport.

According to Pratikno, the government has achieved a breakthrough regarding the management of mineral resources through the Law on Mineral and Coal Mining that regulates the relationship between the state and Freeport.

" The management of gold mining by Freeport is initially conducted through a contract of work. It will be transformed into a mining license scheme, so that Indonesia's position as a state will become stronger," Pratikno remarked.

He explained that the unilateral termination of the management of gold and copper mining in Papua province will not solve the problems.

" The unilateral termination will cause new problems. The economy in Papua will be disrupted, and the people will suffer," he affirmed, adding that economic issues will have an impact on the political affairs, damage the investment climate, and weaken Indonesia's position in the Asia Pacific region.

[ bmw / rol ]
View

Related

Immigration refuses passports to 84 alleged illegal migrant workers

BLOKBERITA -- The Immigration Office of Batam, the provincial city of Riau Islands, foiled a passport scam this month to obtain passports for 84 allegedly illegal migrant workers, an official sta...

Islam and politics: Indonesia's identity crisis

BLOKBERITA -- Modern Indonesia is testimony to the ability of transition democracies to construct a constitutional framework that can guarantee equality, security and freedom from discrimination...

No Saudi Oil Says Trump; Saudi Arabia Fires Back

BLOKBERITA -- Imagine making the world’s largest oil exporter sweat it out, even before you take office. That’s exactly what Donald Trump is doing. The president-elect has said repeatedly that the...

Posting Komentar

Follow us

Terkini

Ketum PPP, Romahurmuziy Terjaring OTT KPK di Jatim

BLOKBERITA, JAKARTA -- Ketua Umum PPP Romahurmuziy terkena operasi tangkap tangan yang dilakukan Komisi Pemberantasan Korupsi. Seperti dikutip Antara, penangkapan dilakukan di Kantor Wilayah Kemente...

Ruang Kerja Menag dan Sekjen Kemenag di Segel KPK

BLOKBERITA, JAKARTA  -- Komisi Pemberantasan Korupsi (KPK) menyegel dua ruangan di Kantor Kementerian Agama, Jakarta Pusat, Jumat (15/3/2019). Salah satu ruangan yang disegel adalah ruang Mente...

Teroris di Masjid Selandia Baru sudah Rencanakan 3 Bulan Sebelumnya

BLOKBERITA, CHRISTCHURCH -- Pelaku teror di masjid Selandia baru, Brenton Tarrant ternyata sudah merencanakan jauh hari 3 bulan sebelumnya untuk melakukan aksinya di Masjid Al Noor, Christchurch, Se...

Terjerat Narkoba, Andi Arief akan Mundur dari Partai Demokrat

BLOKBERITA, JAKARTA --  Andi Arief terjerat kasus narkoba dan hingga kini masih menjalani proses hukum. Atas kasusnya itu, Andi mengajukan pengunduran diri dari jabatan Wase...

Sebaris Prosa Apologi Sri Mulyani: Kala kamu menuduh aku Menteri Pencetak Utang

BLOKBERITA – Menteri Keuangan Sri Mulyani menjawab tudingan terhadap dirinya dan pemerintah umumnya terutama soal utang. Isu ini mencuat menjelang Pilpres yang digelar April mendatang. Kubu pena...

IHSG Menguat, Ditutup pada level 0,09%

BLOKBERITA, JAKARTA -- Indeks Harga Saham Gabungan (IHSG) mantap menguat pada awal perdagangan hari pertama di bulan Februari, Jumat (1/2/2019). Berdasarkan data Bloomberg, IHSG menguat 0,54% ata...

Facebook

Quotes



















.

.

ads

loading...

Connect Us

loading...
item