Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Indonesia>>Energy>>Accelerating economic activity pushes up energy imports

NEWS UPDATES Asean Affairs   September 18, 2018  





Accelerating economic activity pushes up energy imports

The Energy and Mineral Resources Ministry has blamed accelerating economic activity for an increase in energy imports, the largest contributor to the country’s trade deficit in August.

Statistics Indonesia announced on Monday that the country’s trade deficit had risen to US$1.02 billion in August, mostly as a result of oil and gas imports, which had increased by 14.5 percent from the previous month to $3.05 billion.

Meanwhile, exports of oil and gas products dropped 3.27 percent over the same month to $1.38 billion.

Deputy Energy and Mineral Resources Minister Arcandra Tahar said on Monday that the government had actually expected to see lower imports in August, as exports had decreased around 3 percent month-to-month (mtm).

“It should be lower. Yet we see increasing economic activity that resulted in higher diesel imports,” he said in a press briefing.

Arcandra explained that the takeover of oil and gas blocks by state-owned energy holding company Pertamina had also contributed to the decline in oil and gas exports.

Pertamina recently assumed control of the Mahakam Block, which had been operated by Total E&P Indonesie and Inpex Corporation since 1966.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                      September 18, 2018 
• Indonesia books US$1.02 billion trade deficit in August
• August car imports up Subcribe: Asean Affairs Global Magazine
• Accelerating economic activity pushes up energy imports Subsribe Now !
 • ASEAN Clean Tourist Awards presented to Hoi An, Hue, Da Lat
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Trade with China totalled US$4 billion (April to July)
Asean Stock Watch   June 15,  2018

• Asean Stock Watch-June 15, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com