From Government of Indonesia

President Vows Better Investment Climate

President Susilo Bambang Yudhoyono on Monday (14/5/07) pledged to make Indonesia a better place for foreign and domestic investors engaged in oil and gas exploration and production.

Speaking at the opening of the 31st annual Indonesian Petroleum Association Convention and Exhibition in Jakarta, Dr. Yudhoyono said the government is in the process of creating a better and friendlier investment climate for energy companies.

In addition to removing monopolies in both the upstream and downstream oil and gas industry, the government is also revamping its policies to make the oil and gas industry more attractive to local and foreign investors, the president said, according the The Jakarta Post.

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