The assumption suggesting that Indonesia is
an oil-rich country is inaccurate, deputy Energy and Mineral Resources Minister
Widjajono Partowidagdo said Saturday.
“In
reality, Indonesia is not an oil-rich country,” Widjajono said at a seminar
during the Riau Muslim University Expo 2012.
Speaking
at the seminar, Widjajono noted that there were many incorrect perceptions
relating to energy issues in Indonesia, including that Indonesia was rich with
oil reserves.
He
added, however, that Indonesia had other natural resources, such as coal, gas,
coal bed methane, geothermal reserves and biofuel.
Widjajono
said another common mistake was that investors would automatically come to
Indonesia to invest without improvement in the country’s investment climate,
and that oil-based fuel prices should be cheaper.
Widjajono
further noted that Indonesia was rich in renewable energy, such as hydro power,
geothermal, biomass, solar and wind energy.
The
deputy minister said that in 2011 Indonesia produced 902,000 barrels of oil per
day, 1.5 million barrels of gas and 2.4 million tons of coal, Antara news
agency reported. (swd)
The
Jakarta Post
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