JAKARTA, NETRALNEWS.COM - Arcandra Tahar, Deputy Minister of Energy and Mineral Resources, has visited Saudi Arabia and United Arab Emirates (UAE) on October 24-26, 2017 to attend the 2017 First Forum on Public Investment Fund.
The event is a forum for public discussion and is attended by investment stakeholders with the aim of exploring opportunities in achieving sustainable cooperation and providing benefits for each side. On the first day, (24/10/2017), the Deputy Energy Minister along with Head of Investment Coordinating Board Thomas Lembong witnessed the opening of the event, which emphasized on Saudi Arabia's efforts to realize the vision of Saudi Arabia 2030.
On the second day of visit (25/10/2017), Arcandra met with CEO of Saudi Fund for Development, H.E Al Khateeb and Senior Advisor to Minister of Industry, Energy and Mineral Saudi Arabia, Dr. Nasser A Al-Dossary.
At the meeting, there were five points that would be followed up by both parties. These are:
1. Establishment of the Joint Commission Ministry Level between the Republic of Indonesia (RI) and the government of Saudi Arabia, to follow up all forms of cooperation that have not been implemented. This is to accelerate the realization of investment to Indonesia
2. Indonesia will encourage acceleration of completion of Cilacap Refinery RDMP project (Pertamina-Saudi Aramco cooperation).
3. The Saudi Arabian government is expected to provide lower crude import prices (Arab Light) from Saudi Aramco to Pertamina
4. The Saudi Arabian government is expected to assist LPG direct purchases from Saudi Aramco for Pertamina where LPG needs totals 6 million tonnes / year (LPG portion of Saudi Aramco is 13%).
5. The Government of Saudi Arabia is expected to issue an avtur refueling business license at Jeddah airport for Pertamina
On the third day (26/10/2017), Wamen Arcandra meets Undersecretary, Ministry of Energy, UAE, H.E. Matar Hamed Al Neyadi, and agreed on several matters as follows:
1. Supervision on the realization of cooperation between Masdar and PLN / PJB related to the construction of Floating PLTS in Cirata so that PPA can be signed as soon as possible.
2. The UAE Government is expected to assist LPG direct purchases from Pertamina to ADNOC. This is because most of Indonesia's LPG comes from the UAE.
3. Mubadala Petroleum hopes that the tax regulation of the Gross Split scheme can be issued soon.
In addition to the above agreement, Mubadala Petroleum will invest in the Andaman Block and will consider expanding the investment to Natuna.