The Government set up a Land and Incentives for investors the refinery

Oil Refinery in Balikpapan

The Government set up a Land and Incentives for investors the refinery

KATADATA – the Government will fully support the claims of investors who will build a refinery in Indonesia. The current Government was preparing incentives and variousconvenience for investors the refinery.

Minister of energy and Mineral resources (DEMR) Sudirman Said said there are someincentives will be given to investors that the Government will build the refinery. Aboutthese incentives, the Ministry of MINERAL RESOURCES will still discuss it together withthe Ministry of finance next week.

"In principle, employers should not be sacrificed," said Minister of energy and Mineral resources (DEMR) Sudirman Said in his Office, Jakarta, Friday (14/11).

Incentives for investors this refinery is urgently needed. In the previous Government,Kuwait Petroleum and Saudi Aramco already has plans to build a refinery in Indonesia.However, because the Government has not been able to provide the requiredincentives, finally this plan null and void.

According to Sudirman, Indonesia urgently needs a new refinery construction. In fact,the Government will continue to look for investor claims. If it can be pendiskusian withthe investors, continued to do until an agreement is reached.

In addition to incentives, the Government also will facilitate the land for the refinerywill be built. The Ministry of MINERAL RESOURCES will be responsible for selecting a suitable location for a refinery. According to Sudirman, it will coordinate with theDirectorate of the wealth of the State Ministry of finance in terms of the provision ofthis land. Because of the Government's list of assets included in the balance sheet of the country, which is the authority of the Ministry of finance.

Sudirman confessed to plans to give full support on this refinery continued investorprogram of the previous Government were not realized. The previous Government hadindeed planned to give income tax exemption incentives of up to 15 years, and providing a 400-hectare land area for investors who will build the refinery has a capacity of 300,000 barrels per day.

To ensure this plan to run, the Government will hold meetings with Pertamina. "See you next week Secretary of STATE-OWNED COMPANIES, pertamina and the Ministry of MINERAL RESOURCES to further pursing this plan," he said.