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Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
 The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 2009 law on environment for two year on fears it will severely hit oil and gas production.
"We have spoken with the coordinating minister for the economy to delay the law for at least two years, so that we can prepare our technology," Evita Herawati Legowo, the director general for oil and gas at the Energy and Mineral Resources Ministry, said in Jakarta late Thursday.
Evita said that the mining companies were now working to adjust mining systems to comply with the law, which could take some time.
"Several contractors would prefer to stop their activities rather than breaking the rules which could mean criminal punishments," she said, adding that oil production could drop significantly due to process changes.
Evita said the Energy and Mineral Resources Minister Darwin Zahedy Saleh has sent a letter to the Coordinating Economic Minister to discuss the issue further.
"The decline in oil production might influence state revenue. So, we have to do something," she said.
Darwin acknowledged that the new law on the environment would be a serious challenge to mining contractors.
"The miners have to allocate additional budgets so that their mining systems protect the environment in the future," he said, adding that the government had to help the contractors, or oil production would drop.
Darwin insisted the government would fight it out to meet the oil production target by improving efficiency, for example, streamlining bureaucratic procedures to enable contractors to curb expenditure.
The new law requires business entities to secure environmental permits before beginning their operations. Permits can be issued by a minister, governor or regent, depending on the area of operation. A failure to secure environmental permits would result in the termination of the business license.
The Energy and Mineral Resources Ministry has said that the implementation of the 2009 environmental law would risk reducing national oil production by up to 40 percent.
This year, the government is targeting to produce 965,000 barrels of oil per day (bpd) as in the 2010 national budget. Last year Indonesia produced about 960,000 bopd.
Some observers have said that ambiguities in the environment law made it difficult for companies to fulfill environmental standards and guidelines set by the new legislation.
The ministry argued that state-owned oil and gas producer PT Pertamina and US based leading oil producer Chevron Pacific Indonesia (CPI) would be the two firms most effected by the new law.
Late Thursday Chevron general manager Bambang Pratesa confirmed the possibility that Chevron oil production could drop more 60 percent this year as the original company target for this year was to produce 400,000 bpd but instead a steep decline is now expected.
"The anticipated Chevron production will be fall to about 125,000 bpd, far down on our original target," Bambang told reporters. Oil and gas have traditionally contributed up to 30 percent of total state revenue.
Source: The Jakarta Post By: Nani Afrida
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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- MS Steel International - UAE
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
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- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
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- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
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- Indian Oil Corporation Limited
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- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
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- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Videocon Industries ltd - India
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- Global Business Power Corporation, Philippines
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- Ministry of Transport, Egypt
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- Bayan Resources Tbk. - Indonesia
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- Bulk Trading Sa - Switzerland
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- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
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- Singapore Mercantile Exchange
- India Bulls Power Limited - India
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- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Romanian Commodities Exchange
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- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
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- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
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- McConnell Dowell - Australia
- Thai Mozambique Logistica
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- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
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- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
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- Minerals Council of Australia
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