Rabu, 27 April 2011

Indonesia Targets Oil Production Away from Hope

Finance Minister Agustin Mastowardojo says production (lifting) of oil this year probably can only reach 950 barrels per day, slip away from targets that have been installed in Budget 2011 at 970 barrels per day.

This condition makes the Ministry of Finance must be vigilant, especially until the first quarter of this year, oil production reached only 895 barrels per day. Of course, the Ministry of Energy and Mineral Resources and BP Migas will seek a maximum for 970 barrels per day target could be achieved.

Ministry of Finance has done counting how much potential revenue is lost due to oil production is not achieved. But nationally, it is in kompensaasi with growth lifting gas and condensate, so that if all three add up showed no improvement. But so far, the government has not taken steps in anticipation.

Plan subsidized fuel restriction is still not well implemented. If it will ask the Minister for Economy, Energy and BP Migas, they are authorized to answer, "he said. To be sure, Agus reminder for subsidized fuel quota maintained at 38.6 million kl. Do not exceed the quota that could provide additional pressure to the state budget. The government, said Agus was still analyzing how much additional subsidy to be provided. The government continued to analyze until later discussed again by the House of Representatives.

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