Jonan Encourages China to Increase Investment in Indonesia

id Ignasius Jonan, China, Investment
Jonan Encourages China to Increase Investment in Indonesia
Indonesian Energy and Mineral Resources Minister Ignasius Jonan. (ANTARA FOTO/Hafidz Mubarak A)
Some Chinese oil and gas companies have been investing in Indonesia for the past 15 years, but the number is still small and needs to be increased,
Beijing (Antara Babel) - Indonesian Energy and Mineral Resources Minister Ignasius Jonan has encouraged several Chinese companies to increase their investment in the oil and gas sector in Indonesia.

"Some Chinese oil and gas companies have been investing in Indonesia for the past 15 years, but the number is still small and needs to be increased," Jonan informed Antara here on Thursday evening.

He said that unlike Chinese firms, oil and gas companies from the US have been investing in Indonesia for quite a long time.

"Chevron, which was known as Caltex in the past, and Exxon have been operating in Riau for about 100 years, with a very big investment," Jonan noted after attending the 8th Clean Energy Ministerial (CEM) meeting.

China hosted the eighth Clean Energy Ministerial (CEM8) in Beijing on June 6-8, 2017.

The annual meeting of energy ministers and other high-level delegates from 24 member countries and the European Union offered an opportunity to leverage high-level political will and private sector leadership to drive ambitious, real-world clean energy policies and actions.

In addition to working sessions for energy ministers and other high-level policymakers, CEM8 featured a public-private action summit with keynote speakers, thematic panel discussions, and opportunities for high-profile announcements of ambitious clean energy efforts.

It also included a two-day technology exhibition demonstrating breakthrough clean energy technologies, products, and business models; and an Innovation Theater showcasing potentially game-changing clean energy innovations and inspirations.

In addition, CEM8 included invitation-only round table discussions with ministers, business leaders, and other clean energy experts, as well as a series of side events, forums, and workshops.

The public-private action summit brought together government and business leaders, investors, and other clean energy stakeholders for keynote speeches, panel discussions, and recognition events to highlight innovation and leadership.

The summit also included announcements of new partnerships and ambitious efforts to drive global clean energy transformation.

Editor: Rustam Effendi

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