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Indonesia is aiming to create eight new squadrons of fighter aircraft by 2024 as part of military upgrade programs, the head of the air force said.
The head of the Indonesian military said the country may not be able to afford 24 surplus U.S. military jets.
Indonesia, despite having become a net oil importer, has put off plans to leave the Organization of Petroleum Exporting Countries.
Shell confirms production cut in Nigeria; Mexicans turn down new oil plan; OPEC asks Indonesia to stay
The World Wildlife Federation has asked Canada to halt oil plans for the Beaufort Sea; U.K. Prime Minister Gordon Brown has called for increased oil output; Indonesia will leave OPEC despite new oil and gas finds.
The Indonesian government is planning to reduce taxes on equipment as a way to encourage gas exploration.
Indonesia's oil and gas receipts in 2007 are expected to exceed $19.8 billion.
The Indonesian government has reiterated its pledge to boost the nation's oil output by 300,000 barrels per day by 2009 to meet increasing domestic demand.
Over the last three weeks, oil prices have fallen a dollar or two as a sign of a falling demand which started around July have become clearer. Yet the worst is
Pushing ahead with much-needed reforms will be an uphill struggle if Wednesday's jockeying for ministerial appointments is anything to go by. At the 11th hour,
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United Press International
United Press International
United Press International
United Press International
