By a percentage, the energy is growing higher than the economic growth, or one and a half times as much."Jakarta (ANTARA News) - Energy and Mineral Resources (ESDM) Minister Ignasius Jonan has said that he believed Indonesia could export fuel oil (BBM ), based on Regulation No.35/2016 on the implementation of the construction of oil refineries in the country by private entities.
"If Singapore can export fuel oil, I think Indonesia can do so as well, and the market will definitely be growing," Jonan said in his office on Wednesday night.
Jonan believed that by opening opportunities for the private sector to build oil refineries and sell fuel products to end users via ESDM Regulation No.35/2016, and achieving the target of state oil company Pertamina to meet domestic fuel oil demand without import, Indonesias opportunity to export BBM could be opened.
In addition, the energy minister was also optimistic that the market for energy could continue to rise, because it was higher than the economic growth.
"By a percentage, the energy is growing higher than the economic growth, or one and a half times as much," he said.
"The energy was growing approximately by a percentage greater than the economic growth. One and a half times as much. So, if the economy is to grow by 5 percent, the energy can grow by 7.5 percent," he explained.
The government has issued a policy that private enterprises can build refineries with the goal of achieving energy security, increasing the production capacity of the national fuel volumes and reducing dependence on imported fuel.
(Uu.O001/INE/KR-BSR)
Editor: Priyambodo RH
Copyright © ANTARA 2016
