ASEAN KEY DESTINATIONS
Oil, gas production not expected before 2018
Cambodia's oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI.
“A deferral of development at KrisEnergy’s Block A, which is the most progressive development in the country, prompted us to remove our forecast of 80 [million barrels] of proven oil reserves in 2016,” the report said.
It said the Cambodian government had confirmed that exploration had stopped and that the Kingdom’s first oil refinery, set to start in 2019, had scaled back its original production projections from 100,000 barrels per day to 40,000.
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Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.