Indonesia Reduces Local Content Requirements to Boost Green Energy Investments

The Indonesian government has relaxed the local content requirements (LCR) for the development of electricity infrastructure under Ministry of Energy and Mineral Resources regulation 11 of 2024 (MEMR 11/2024) in a move aimed at attracting concessional funding for renewable energy projects from international development banks.

Indonesia Asks Exxon To Boost Oil Production

Indonesia on Monday asked U.S. supermajor ExxonMobil to raise its crude oil production in the country to 150,000 barrels per day (bpd) in 2026, up from 125,000 bpd, Bahlil Lahadalia, Indonesia’s Minister of Energy and Mineral Resources, said.