JAKARTA (TheInsiderStories) – Insider Network and Bimasena have successfully hold Seminar Series Energy Policy: Disruption Approach to Improve Friendly Investment Climate in Grha Bimasena, Dharmawangsa.
In front of more than 50 stake holders, Deputy Minister Energy and Mineral Resources Arcandra Tahar, said the government already revoked 186 regulations in energy sectors, but it is not enough to improve the investment climate in this sector.
He said the regulation consists of the 56 regulations and licenses in the oil and gas sector, 96 regulations and permit in the mining sector, 20 regulations and permit in the power industry, and 14 regulations and permit in the renewable energy sectors.
“In line with the President [Joko Widodo] direction, we revoked the regulations and permits to construct the friendly investment climate, to boost the economic growth and creat jobs,” he said in the Seminar “Energy Policy: Disruption Approach to Improve Friendly Investment Climate,”hosted by The Insider Stories and Bimasena on Thursday (19/04).
However, the government’s efforts have not been able to increase the investment in the energy sectors. For example, the investment in the oil and gas sectors that gradually shrunk during the last three years.
Last year, the investment in the energy sectors only reached US$26.7 billion, it shrunked by 10% from the 2016 investment of US$29.7 billion. It also lower than investment in the 2014 and 2015 that reached US$33.5 billion and US$32.3 billion respectively. The government targets the unrealistic investment target in 2018 of US$37.2.