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Chevron highlights need for clear geothermal regulation in Indonesia

Indonesian President Joko Widodo opening the IIGCE 2015 in Jakarta, Indonesia (source: ThinkGeoEnergy)
Alexander Richter 3 Nov 2015

In recent meetings of Indonesia's President in the United States, Chevron highighted the need for clear regulation on geothermal development and utilisation to interest more geothermal investment in Indonesia.

At a recent state visit to the United States, the President of Indonesia Joko Widodo met with top leaders of Chevron and GE.

As part of the meeting, the Executive VP Upstream of Chevron, James Johnson talks about his company’s commitment to keep investing and developing the business in Indonesia and also continuing its nine decades cooperation and partnership in Indonesia.

Today, Chevron is employing 40.000 employees and 97 % of them are Indonesian. Some of them are being encouraged and given the opportunity to work in Chevron branch spreading all over the world.

He further highlighted the need for clear regulation as part of the Indonesian government’s support to interest more geothermal investment in Indonesia.

The President Joko Widodo was so thankful because of Chevron’s commitment, especially on the point raised regarding geothermal. He responded, “Government of Indonesia keep encouraging deregulation through several packages such as, easiness, incentive, and permit simplification. The Ministers are also encouraged to find several breakthrough to create a conducive investment climate”.

Source: Press Release Ministry of Energy and Mineral Resources Indonesia