US-Indonesian deals during Pence's visit related to energy

US-Indonesian deals during Pence's visit related to energy

Foreign Minister Retno LP Marsudi said on Thursday that all deals signed
between Indonesia and the United States during US Vice President Mike
Pence's visit to Jakarta were related to the energy sector.

She said the total of the deals reached US$8 billion.

"This time all business deals are related to the energy sector. This ranged
from waste-to-energy development to geothermal development," she said at the
Presidential Palace in Central Jakarta on Thursday.

Retno could not confirm whether the high profile issue surrounding gold and
copper miner PT Freeport Indonesia was discussed during the visit of the US
vice president, who is scheduled to leave Indonesia on Friday.

"Freeport [issue] is done," she said, referring to the negotiation between
the government and Freeport Indonesia over the conversion of the Work of
Contract (WoC), established in 1991, to the Special Mining License (IUPK),
as part of the adjustment to the new law on mining.

On Thursday, Pence met with President Joko "Jokowi" Widodo before attending
a bilateral talk with Vice President Jusuf Kalla.

Kalla was accompanied by several ministers including, Retno, Coordinating
Economic Minister Darmin Nasution, Coordinating Maritime Affairs Minister
Luhut Pandjaitan and Energy and Mineral Resources Minister Ignasius Jonan.

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Link to Original Article:
http://www.thejakartapost.com/news/2017/04/20/us-indonesian-deals-during-pen
ces-visit-related-to-energy.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com