MIGAS

JAKARTA, 4/8 - MIGAS. Director General of Migas Evita Legowo (left), Head BP Migas R. Priyono, (2 left) Minister ESDM Purnomo Yusgiantoro (2 right) received an explanation from the Bank Mandiri Agus Martowardojo (right) in Asia Pasific Oil & Gas Conference and Exhibition (APOGCE), in the Jakarta Session Hall, Tuesday (4/8). The government policy that requires the Contractor of the Foreign Cooperation (KKKS) retains the fund of post-convenience and production obligations in the work area is expected to increase the involvement of national banking. Based on BPMIGAS data, total funds to be kept at USD38 million. In 2009 it is estimated that the value of migas transaction reaches Rp150 trillion, the amount is far above the national nest transaction is only Rp1,2 trillion. ANTARA/roni/mes/09

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