Saudi Aramco are targeting so world top refiner

Dani Mohammad Dahwilani

Sindonews.com -the Saudi Arabian Oil Co. (Aramco), the world's largest exporter of crude oil expected to become major manufacturers of processed products (refiner), such as FUEL and petrochemicals.

"In the years to come, we will be the single largest oil refiner in the world," said Khalid al-Falih, chief executive of Aramco in the Conference in Beijing, as reported by Bloomberg, Tuesday (26/3/2013).

Saudi Aramco has refining and petrochemical production expands to meet domestic demand and export products so that they can take the higher price of crude oil.

They plan to double global refining capacity to 8 million barrels a day in 10 years. While Exxon Mobil Corp., the largest integrated crude oil processor in the world, has 5.4 million barrels per day around the world by the end of 2012.

Previously, Aramco has also completed negotiations with PT Pertamina Persero, to build a refinery worth USD8 billion in Indonesia with a capacity of 300,000 barrels per day.

(dmd)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Dahlan was ready to build container ports of the 5th largest in the world

Dana Aditiasari

Sindonews.com -to improve the logistics distribution in the country, Minister for State-owned enterprises (SOEs) Dahlan Iskan membangunan container port planned to be sheltered by PT Indonesia Crates. In fact, this port will be port of unclaimed crates to the five largest in the world.

"I think slowly but surely, later there is a PT Indonesia, where the Container will be the largest container terminal in the world," said Dahlan, Jakarta, Monday (25/3/2013).

Indonesia's PT Crates is the parent company of container terminal business in Indonesia. Dahlan explained, the majority of the shares of PT Indonesia Crates will be owned by PT Palindo I-IV.

However, he admitted, the plan is not easy to be realized because there are various constraints, such as the issue of rules and legislation.

"It is kind of difficult because there was a formation to be completed. Later if the main Director, became Commissioner, direksinya became the CEO and the Board of Directors is drawn from the most good, "he explained.

Furthermore, PT Down Indonesia will work closely with the entire container ports across Idonesia, among others, Jakarta, Surabaya and Batam.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

The World Bank predicted economic growth of INDONESIA only 6.2%

Giri Prakosa

Sindonews.com -the World Bank through the World Bank estimates Indonesia's economic growth of Indonesia in 2013 will be at a 6.2 percent rate, or slightly lower than last year's estimate of 6.3 percent. But in 2014, the World Bank projected that Indonesia's economic growth will reach 6.5 percent.

Sector Manager of the World Bank Lead Economist & Indonesia, Jim Brumby said Indonesia's economic growth is still strong compared to that trading partner countries. However, increasing pressure for Indonesia.

He mentioned, the source of pressure on Indonesia's economy slowed the pace of investment, among others, the potential implications of slowing sales growth in nominal GDP and real, external balance sheet trends, the burden of FUEL subsidies, and reduced the rate of poverty reduction slowed.

"With a variety of pressure on economy, poverty reduction targets Indonesia could miss up to 1-2 people, equivalent to about 2-3 million," Brumby said in a quarterly report released today, Monday (18/3/2013).

He mentioned, inefficient government spending is still so big problem for Indonesia, especially the amount of allocation for energy subsidies, especially Fuel (BBM).

Despite increasing pressure increases, the Brumby optimistic Indonesia's economy could continue to go up with an appropriate policy response. That needs to be done to increase investment in Indonesia, according to him, is the certainty of policy and regulatory framework improvements.

While investment is also needed to improve their hard work to overcome the challenges in the field of infrastructure investment. In terms of trade, according to the World Bank, the economy of Indonesia needs to focus more on increasing the competitiveness and not import restrictions.

Brumby also mentions, Indonesia should take advantage of its position as the country with the fastest urbanization rates to boost economic growth.

(gpr)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

World Bank: Indonesia's investment Spending slowed

Giri Prakosa

Sindonews.com -the World Bank praised Indonesia's economic growth rate of a firm during 2012, where the gross domestic product (GDP) reached 6.2 percent or slightly decreased from 2011, reaching 6.5 percent.

But looking ahead, according to the World Bank, there are pressures that are likely to affect the achievement of economic loss in 2013.

"The sources of pressure on the economy slowing the pace of investment, including the potential implications of slowing sales growth in nominal GDP and real, trends in the external balance, the continued burden of FUEL subsidies, and reduced the rate of poverty reduction slowed," wrote the World Bank in its quarterly report released today, Monday (18/3/2013).

According to the World Bank, the greatest risk of short term growth can come from investing in the country. Investment spending has slowed down, especially in the field of solid capital resources (capital intensive sectors).

In addition, the growth of fixed investment (fixed investment) down to 7.3 percent in the final quarter of the year 2012, down from 12.5 percent in the second quarter, and the import of capital goods has been weakened.

Citing data on value added in trade from the OECD and the WTO, the World Bank expressed the importance of input (input) in the manufacturing export import Indonesia, and efforts to improve the integration of Indonesia in the eyes of international production chains, and to improve export performance by facilitating the development of export-related services.

"Investing is also very necessary for the infrastructure that leads to barriers and high logistics costs. Infrastructure investments remain in the range of 3 percent to 4 percent of GDP, compared to about 7 percent recorded before the crisis in Asia, "wrote the report.

According to the World Bank, infrastructure challenges for most cities and towns in Indonesia have been quite severe, with more than half of Indonesia's population lived in urban areas, and the rate of urbanization which remains high.

"An increase in the number, quality and efficiency of the infrastructure investments can help open the economic benefits of urban agglomeration and supports quality public service, especially in medium-sized cities that lag behind the development of smaller urban centres and huge cities (" mega cities ")," wrote the report.

(gpr)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

The United States buys two-thirds of the unmanned aircraft in the world

US forces increasingly used unmanned aircraft systems such as these in their operations.

This means big money for companies that make them.

Companies benefiting from this expenditure includes Northrop Grumman (NOC), atomicus ", Lockheed Martin (LMT), Boeing (BA) space Israel wotkstron (TXT). All figures provided in this story, except those relating to f. 35, Maple Derek IHS Jane's principal analyst.

It is estimated that the drones were 31 per cent of us military aircraft fleet, although many of those small and unarmed aircraft.

A drone is much cheaper than a fighter plane, but Monday perfectly suited to different missions.

Drones hover for extended periods of time, and can work in places too dangerous to send people. It is usually used in places where the danger as they shot low, or reconnaissance missions as it is not decisive that survives a drone.

Fighter aircraft are generally much faster and more maneuverable, and can carry more weapons, said Dan jury, analyst at the Lexington Institute. Fighter aircraft, cruise missiles, used when must take out a target weildivindid.

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics