ESDM launches B50, targets Rp170 trillion in savings
Officials project 2.1 million new jobs and a cut of 44.46 million tons of CO2 emissions in 2026.
Antara News, Republika
Officials project 2.1 million new jobs and a cut of 44.46 million tons of CO2 emissions in 2026.
If oil rises 30% above the 70 U.S. dollars a barrel baseline, consumer prices could rise 0.28%, real wages fall and energy imports jump 7.8%.
The government is preparing exploration tenders for about 120 prospective wells and plans to reactivate thousands of idle wells.
The move will require the government to add about 10% in subsidies, but economists say sales will not rise without support and market access.