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Indonesia Energy Corporation Limited  (NYSE: INDO)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Indonesia Energy Corporation Limited

Business Description


Indonesia Energy Corporation Limited (IEC) is a state-owned enterprise focused on the energy sector in Indonesia. As a government-owned company, IEC operates under the supervision of the Ministry of Energy and Mineral Resources of the Republic of Indonesia.

IEC was established in 2009 with the primary objective of developing Indonesia*s energy resources, improving energy efficiency, and promoting sustainable energy practices. The company operates across various segments of the energy industry, including exploration, extraction, production, refining, distribution, and marketing of oil and gas, coal mining, power generation, and renewable energy.

In the upstream oil and gas sector, IEC engages in exploration and production activities to discover and extract hydrocarbon reserves. The company has formed partnerships with domestic and international oil and gas companies to leverage their expertise in exploring and developing Indonesia*s vast offshore and onshore oil and gas reserves.

For coal mining, IEC has coal concessions in different regions of Indonesia, allowing it to extract and produce coal for both the domestic and international markets. The company focuses on adopting environmentally responsible mining practices to mitigate the impacts on local communities and the environment.

In the power generation sector, IEC is involved in the development and operation of thermal power plants, hydropower plants, and renewable energy projects such as solar and wind. The company aims to increase Indonesia*s power generation capacity to meet the growing demand for electricity and promote the use of clean and sustainable energy sources.

IEC also operates in the downstream oil and gas sector by refining crude oil into various petroleum products and distributing them throughout the country. The company owns and operates a network of fuel stations under its subsidiary, providing a reliable supply of fuel to consumers and businesses in Indonesia.

Besides its core operations, IEC is actively involved in research and development activities to improve energy efficiency, resource management, and environmental sustainability. The company collaborates with research institutions, universities, and other stakeholders to innovate and implement advanced technologies in the energy sector.

IEC is committed to corporate social responsibility and community development. The company undertakes initiatives to support local communities, enhance their welfare, and promote inclusive growth through various social programs, infrastructure development, and job creation.

With its extensive operations and strategic partnerships, IEC plays a crucial role in ensuring energy security for Indonesia, supporting economic growth, and facilitating the transition towards a sustainable and resilient energy system in the country.



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