While Indonesia’s lawmakers have promised to safeguard the country’s lucrative oil and natural gas assets, there are concerns that recent examples of resource nationalisation may deter future investment, and President Joko Widodo has largely carried forward the resource nationalism agenda championed by his predecessor, President Susilo Bambang...
Replacing diminishing reserves and guaranteeing domestic energy security are two of Indonesia’s policy priorities. As such, oil and gas exploration and development are key areas in which the government is eager to progress. To encourage this, policymakers have adopted a series of reforms aimed at ushering in a new wave of foreign investment...
Given the current market dynamics, state-owned utility Perusahaan Listrik Negara (PLN) is unable to pass increases in the cost of coal on to the consumer because subsidised rates of electricity are imposed by the central government. In a bid to shield PLN from price fluctuations, the Indonesian government implemented regulations on domestic...
Even as Saudi Arabia lays the groundwork for diversification, the energy sector is expected to continue to play a leading role in the economy, with estimates oil and gas will account for at least half of the country’s exports to 2040. As the world’s leading oil exporter, the Kingdom plays a key role in meeting global demand and forming...
Although economic diversification and a strengthened private sector are cornerstones of Vision 2030, the blueprint for the transformation and diversification of the country’s economy, corporate consolidation and continued state ownership are features of the planned merger between Saudi Arabia’s most influential corporations. If Saudi Aramco’s...
Saudi Arabia’s ability to influence global oil prices relies not only on its production capacity but also on its ability to quickly and efficiently export hydrocarbons products to its trading partners. From ports on the Red Sea and the Gulf, Saudi Aramco operates the world’s largest oil and gas export facilities, including the world’s biggest...
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