it\'s time to revitalize the rubber land

Selasa, 14 Mei 2013 | 09:48

The government considers this as an appropriate time to revitalize rubber land since the price of the commodity in the world market is still low.Deputy Minister of Agriculture, Rusman Heriawan said the low price of rubber is now supposed to be a positive signal for rubber farmers for immediate replanting crops.

"The low price of rubber should be addressed with smart, it is now an appropriate time to do the replanting of rubber trees are declining productivity," he said at the Jakarta Convention Center.

Previously, in order to control the price of rubber in the world market formed trilateral cooperation that consists of the world's biggest rubber producer, namely Thailand, Indonesia and Malaysia. However, the agreement was ended in March 2013. (50/tw)

Govt to propose oil lifting at 840,000 bpd

Jakarta (ANTARA News) - The government is to propose oil lifting (net production) at 840,000 barrels per day (bpd) in the revised 2013 state budget, an official said.

In the past few days, oil production reached 842,000-845,000 bpd, the head of the upstream oil and gas special task force SKKMigas, Rudi Rubiandini, said here on Monday.

"In June, average production may increase to 850,000 bpd," he said.

Nearly 7,000 bpd of the oil production hike will come among others from West Madura Offshore operated by Pertamina, 6.000 barrels from Offshore North West Java operated by Pertamina, and 5,000 from Banyuurip operated by Mobil Cepu Limited.

In the 2013 state budget, the government has set oil lifting (net production) at 900,000 bpd.

He said maintenance at the Tangguh project operated by BP Berau Ltd in Papua province will have been completed by May 21, 2013 and therefore, its oil production will increase again to 3,000 bpd.

"What is more, the production loss caused by the unplanned disturbance has been kept down to less than 10,000 bpd from up to 22,000 bpd thanks to the available equipment," he said.

The government is to propose a draft revision of the 2013 state budget to the House of Representatives (DPR) as soon as possible following a plan to raise the price of subsidized fuel this year.

It will also propose a revision of oil price and quota in the 2013 state budget.(*)

by M. Taufiqur Rahman