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vrijdag 3 maart 2017

Indonesië: Surabaya to build modern fish market on 5 ha of land

Surabaya to build modern fish market on 5 ha of land

The Surabaya city government is preparing five hectares of land in Romokalisari area to build a modern fish market starting April 2017. The construction of the fish market is scheduled for completion at the end of this year, head of the Surabaya food security and agriculture office Joestamadji said here on Sunday (19/2). "The construction of the modern fish market is aimed at strengthening the competitive edge of fishery products," he said.

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Pertamina Seeks Partner to Develop Bontang Refinery

State oil and gas company Pertamina is currently looking for strategic partners and investors to develop the Grass Root Refinery (GRR) project in Bontang, East Kalimantan. The refinery is expected to be fully operational by 2023 at the latest. The GRR Bontang project that needs an investment of at least US$12 billion is expected to refine 300,000 barrels of crude oil per day. The project development is a follow-up of Energy and Mineral Resources Ministry's Decision No. 7935/ K/10/MEM/2016 issued in December 2016 on the appointment of Pertamina as the operator of the oil refinery in Bontang.

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Jokowi Wants a Win-Win Solution over Freeport Dispute

President Joko Widodo said that he wants a win-win solution over PT Freeport Indonesia's refusal to switch over its Contract of Work (CoW) to a special mining permit (IUPK). "We want it a win-win solution," President Joko Widodo said today in Jakarta. The seventh Indonesian president elaborated that his ministers will negotiate the business deals. Earlier, PT Freeport Indonesia (PTFI) said it would abide by a government regulation on the requirement to switch over from CoW to a special mining permit. PTFI, however, had asked for the government to ensure investment stability with an equal fiscal guarantee as currently set in the CoW.

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