Indonesia expects an increase in oil and gas investment this year after approving as many as 274 work plans and budgets from contractors.
Energy and Mineral Resources Minister Jero Wacik said in Jakarta on Tuesday that investment for 2013 of US$26.2 billion was anticipated.
“We want all contractors in the country to implement their program as specified in their plans so that our target for oil and gas output and state revenue can be achieved,” he said.
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