JAKARTA. Government is determined to accelerate the realization of oil refinery projects. Even, government offers incentive for company, which is appointed to work on the project, by charging replacement cost at government expense. Director General of Oil and Gas IGN Wiratnaja Puja mentioned that government relaxes the procedures for conducting the refinery projects through the scheme of cooperation between government and business entity (KPBU). The scheme itself is regulated under Finance Minister Regulation (PMK) No. 129 / PMK.08 / 2016. This cooperation scheme is similar to the mechanism for conducting project under the scheme of public private partnership (PPP). Wiratmaja pointed out, if government appoints State-Owned Enterprise like Pertamina (State-Owned Energy Company) to be in charge of running the cooperation, then Pertamina has authority to select the investor to join the project.
Pertamina can appoint partner to work on Bontang
JAKARTA. Government is determined to accelerate the realization of oil refinery projects. Even, government offers incentive for company, which is appointed to work on the project, by charging replacement cost at government expense. Director General of Oil and Gas IGN Wiratnaja Puja mentioned that government relaxes the procedures for conducting the refinery projects through the scheme of cooperation between government and business entity (KPBU). The scheme itself is regulated under Finance Minister Regulation (PMK) No. 129 / PMK.08 / 2016. This cooperation scheme is similar to the mechanism for conducting project under the scheme of public private partnership (PPP). Wiratmaja pointed out, if government appoints State-Owned Enterprise like Pertamina (State-Owned Energy Company) to be in charge of running the cooperation, then Pertamina has authority to select the investor to join the project.