Oleh R.M. Goenawan, Senin, 1 Februari 2016 | 15:08 WIB - Redaktur: Filmon Warouw - 767
Jakarta, InfoPublik - The oil price fall in the past 19 months is the cause of the worldwide oil and gas companies’ low performance.
The companies are forced to take efficiency policies ranging from reduction in production quota to workforce. However, the government should exploit the oil price slip for long-term benefits.
President Director of PT Pertamina (Persero) Dwi Soetjipto said the fall in oil price should be used as a means of investment by the oil and gas companies. "We do not only want to survive, but also to develop. In fact, our opportunity to invest is when the oil price is low. So, Pertamina first challenge is to survive and the second is to seize the chances to invest due to the oil price slip," said Mr. Soetjipto in Jakarta Saturday (1/30).
According to him, the government should be able to exploit the world’s oil price fall. The reason is the fall will affect other commodities price. So, this is the right time to invest, either in oil and gas infrastructure development or non-oil. "Because when the oil price is low like this, all commodities price become cheaper," he concluded. (Translator: Wilda Stiana)
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