Jakarta, August 20 2010 - In line with government efforts to spur increased investment, BKPM Chairman Gita Wirjawan a working visit to Kuwait, Iran and Dubai on August 18 to 21, 2010.

In a working visit to the United Arab Emirates, the BKPM Chairman met with Crown Prince of Ras Al-Khaimah (RAK), HH. Sheikh Saud Bin Saqr Al-Qasimi and President & CEO of Solar Power Solutions, Ehab Lotfi. In the meeting, which took place on Thursday, August 19, 2010 in Dubai, Solar Power Solution express a serious interest in investing in the energy sector of geothermal power plants (geothermal) and mini hydro power plants in Indonesia.

While working visit in Kuwait within the framework of the signing of a Memorandum of Understanding between PT Pertamina and Kuwait Petroleum International (KPI) Limited in terms of construction cooperation of Balongan oil refinery in West Java. The investment in this project is estimated at US$ 8 billion-US$ 9 billion with production capacity plan of 200.000 - 300.000 barrels per day.

The MOU was signed August 19, 2010 Thursday night at the head office of KPI in Kuwait. President of Kuwait Petroleum Limited Hussain Esmaiel and President Director of Pertamina Karen Agustiawan were attended in the signing ceremony.

In addition to give benefit of large enough investment in Indonesia, the oil refinery project is also very important, especially when viewed from the standpoint of national energy security. Because of the fuel demand in Indonesia, which each year continues to increase wealth 3-4 percent plus the existing refinery capacity is currently only able to supply 70% of the total requirement.

After a working visit in Kuwait, BKPM chairman straight to continue working visit to Iran in order to follow-up discussions about urea plant construction in Iran, which is one of cooperation with the State Owned Enterprises (BUMN) with the National Petroleum Company of Iran (NPC International Ltd).

The value investment of urea fertilizer plant project is approximately US$ 450 million with a capacity of 1 million tons of urea and 120,000 tons of ammonia per year. This fertilizer plant construction to ensure supply of fertilizers in the country continues to rise.