The Indonesian Petroleum Association (IPA) told parliament on Thursday that a proposed cabotage rule which prohibits foreign-flagged vessels could cause a potential investment loss of as much as US$12.57 billion per year to the oil and gas industry.
Association President Ron Aston said the figure was the estimated potential investment loss coming from the four biggest oil and gas contractors operating in Indonesia -- Chevron, ConocoPhillips, Total E&P Indonesie, and ExxonMobil. Source: Reuters
Association President Ron Aston said the figure was the estimated potential investment loss coming from the four biggest oil and gas contractors operating in Indonesia -- Chevron, ConocoPhillips, Total E&P Indonesie, and ExxonMobil. Source: Reuters
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1 komentar:
IPA (Indonesia Petroleum Association)loss not by reason oil prices only. but most of the facilities are old and need replacing. all equipment must be purchased from abroad dueto ipa don't utilized the field stager as a consultant. the Fresh oil engineers that they recruit at all still blind about the ins and outs of the process and petroleum facilities in the field . We don't know he couldn't do anything to pay the field experience people from the largest conpany
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