"Today, I will accompany Mrs. Finance Minister to Dubai to forge cooperation between the two governments as part of the efforts to curb oil and gas imports," Thohir stated following a joint meeting at the Coordinating Ministry for Economic Affairs in Jakarta on Tuesday.
However, he desisted from divulging the agenda of the visit to Dubai, including the areas of cooperation. He only noted that the cooperation is related to oil and gas imports.
Related news: Indonesia targets US$5 billion oil and gas investment from UAE
Curbing the trade deficit is one of the areas of focus of President Joko Widodo's agenda during his second term of office.
According to data from the Central Statistics Agency (BPS), Indonesia's oil and gas imports in 2018 had reached 50.4 million tons, while its diesel oil imports had touched 4.6 million tons, thereby indicating that diesel oil represented nine percent of the country's oil and gas imports.
Oil and gas imports were valued at US$29.81 billion, constituting 18 percent of the total non-oil/non-gas imports that had reached $158 billion.
Meanwhile, diesel oil imports represented 1.6 percent of the total non-oil/non-gas imports. Related news: Indonesia's oil and gas production averages 1.6 million bpd
Related news: Indonesia opens "oil and gas corner" at embassy in Kuwait
EDITED BY INE