Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2017-08-17 15:10:00

INDONESIAN OIL UP 12%

INDONESIAN OIL UP 12%

PLATTS - Indonesia's state-owned Pertamina has produced 343,000 b/d of crude oil in the first-half of 2017, up 12% year on year, upstream director Syamsu Alam said late Wednesday.

"I think the crude production this year can meet our 2017 target of 354,000 b/d. But gas production may be ... lower compared with the target of 2.08 Bcf/d, due to lower demand and some gas fields [not being able to] produce," he said.

The company produced 2.022 Bcf/d of natural gas in H1 2017, up 4% from 1.938 Bcf/d in the same period a year ago, Alam said.

Meanwhile, Pertamina's H1 2017 net profit slid 24% year on year to $1.4 billion, despite revenue rising 19% to $20.5 billion, the president director of Pertamina Elia Massa Manik said.

"In the first half of 2017, the external environment was still very 'volatile' with the world oil price continuing to rise. The rising of crude oil price has become an incentive for the upstream business. It has, however, also affected the increase in cost of goods sold in the downstream sector, which has a significant impact on the company's net profit," Manik explained in a statement released Wednesday.

The Indonesian Crude Price in H1 reached $48.9/b, compared with $36.16/b in the same period a year ago, Manik said.

Pertamina forecasts that its net profit this year may reach only $2.3 billion, down from the original target of $3.04 billion, finance director Arief Budiman said.

FUEL PRICES NOT RAISED DESPITE HIGHER ICP

The government decided not to increase the price of 88 RON gasoline and diesel despite the higher ICP, leaving Pertamina to bear the subsidy burden.

Pertamina has had to shoulder a subsidy burden of Rupiah 400 ($0.03)/liter for 88 RON gasoline, with the fuel's market price reaching Rupiah 6,850/liter in H1 2017 while the pump price was maintained at Rupiah 6,450/liter, Pertamina's marketing director Muchamad Iskandar said late Wednesday.

The market price for diesel reached Rupiah 6,350/liter, while the pump price is fixed at Rupiah 5,150/liter until the end of this year, Iskandar said.

Pertamina is making an effort to cut its subsidy-related losses by increasing the sales of non-subsidized 90 and 92 RON gasoline.

Sales of 88 RON gasoline dropped 43% year on year to 3.28 million kiloliters in H1 2017 from 5.78 million kl in H1 2016.

Sales of 90 and 92 RON gasoline increased by 25% to 12.24 million kl in H1 2017 compared with 9.75 million kl in H1 2016, according to Iskandar.

-----

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INDONESIA NEEDS $80 BLN INVESTMENTS

INDONESIA NEEDS $80 BLN INVESTMENTS INDONESIA NEEDS $80 BLN INVESTMENTS Indonesianeeds to invest $70 billion to $80 billion in gas infrastructure through 2030 to avoid a potential gas shortage, as domestic consumption growth outpaces supply, state-o ...
2017-02-10  

IRAN - INDONESIA AGREEMENT

IRAN - INDONESIA AGREEMENT IRAN - INDONESIA AGREEMENT Oil, gas and petrochemistry are major topics of economic discussions between Iranian and Indonesian officials during the Indonesian president visit to Iran. Oil, gas and petrochemistry are major t ...
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IRAN - INDONESIA COLLABORATION IRAN - INDONESIA COLLABORATION Indonesian companies are interested to join upstream projects in Irans oil industry in fields like Ab Teymour and Mansouri oilfields, said Chairman of the Peoples Consultative Assembly (MP ...
2016-12-06

INDONESIA LEAVES OPEC

INDONESIA LEAVES OPEC INDONESIA LEAVES OPEC OPEC had proposed Indonesia cut oil production by about 37,000 barrels per day (bpd), or about 5 percent of its output, which would dent the already slipping oil rent in Southeast Asias largest economy. Ind ...
2016-12-01

 

 

Tags: INDONESIA, PERTAMINA, OIL, OUTPUT

Chronicle:

INDONESIAN OIL UP 12%
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

INDONESIAN OIL UP 12%
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

INDONESIAN OIL UP 12%
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

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September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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