JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia explained that the investment realization of the Ministry of Energy and Mineral Resources throughout 2024 reached 32.3 billion US dollars. This figure has increased when compared to 2023 of 29.2 billion US dollars.
"This 32 billion US dollars is almost Rp. 500 trillion. Try the assumption of Rp. 16,000, not Rp. 8,000 yesterday," Bahlil said in his presentation at the Office of the Ministry of Energy and Mineral Resources, Monday, February 3.
Bahlil detailed that the largest investment came from the oil and gas sector which was recorded at 17.5 billion US dollars, followed by mineral and coal investment of 7.7 billion US dollars. The third position is occupied by the electricity sector which was recorded at 5.3 billion US dollars. Finally, the new Renewable Energy sector and Energy Conservation (EBTKE) for the 1.8 billion US dollars market.
Furthermore, Bahlil added, the trend of oil and gas realization in 2024 has indeed increased compared to the previous year which was recorded at 14.9 billion US dollars to 17.5 billion US dollars.
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"Approximately IDR 40 trillion has increased compared to 2023," Bahlil added.
This increase is due to the government requiring Cooperation Contract Contractors (KKKS) to make massive investments in order to carry out oil and gas lifting.
"This is in order to encourage increased lifting, so we are obliging the KKKS for investment," said Bahil.
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