Indonesia urged to offer incentives for refinery construction

Indonesia needs to offer incentives to woo both local and foreign companies to invest in costly oil refineries, a senior government official has said.

Deputy Energy and Mineral Resources Minister Rudi Rubiandini said that for oil and gas business players, the sizeable investment to build refineries would not meet their desired internal rate of return (IRR).

Currently, according to Rudi, the rate of return of investment in the refinery business was less than 10 percent.

Click here to read the full story.

Like this content? Join our growing community.

Your support helps to strengthen independent journalism, which is critically needed to guide business and policy development for positive impact. Unlock unlimited access to our content and members-only perks.

Terpopuler

Acara Unggulan

Publish your event
leaf background pattern

Transformasi Inovasi untuk Keberlanjutan Gabung dengan Ekosistem →