DIGIVESTASI - The Ministry of Energy and Mineral Resources (ESDM) noted that the investment value in the energy and mineral resources sector will reach 30.3 billion USD in 2023, an increase of 11% compared to the previous year of 27 billion USD. 
Minister of Energy and Mineral Resources Arifin Tasrif explained that the oil and gas industry will remain the main contributor to investment in the energy sector in 2023. 

"The oil and gas industry still dominates investment at 15.6 billion US dollars," Arifin said in a press release on Tuesday (January 16, 2024). In addition, Arifin said, the mineral and coal sector also followed with an investment value of USD 7.46 billion. The Renewable Energy and Energy Conservation (EBTKE) sector recently recorded an investment of 1.5 billion USD. Meanwhile, the electricity industry recorded investment capital of 5.8 billion USD. By 2024, the investment target for the ESDM sector is set at $28.2 billion. 

Data from the Ministry of Energy and Mineral Resources shows that investment in the EMR sector in 2018 reached 31.2 billion USD, in 2019 up to 30.6 billion USD, in 2020 up to 26.3 billion USD, in 2019 up to 27.5 billion USD, and in 2022 up to 27 billion USD.

On the occasion, Arifin not only provided information on the investment process in the energy sector, but also explained how the sector had been disrupted in previous years due to the impact of the COVID-19 pandemic. 

"Previously we actually had a pretty good trend in 2018-2019 and then in 2020 we were hit by COVID-19 and started to recover in 2021-2022 and then this peak occurred in 2023 with a record 30.3 billion USD." he said. Arifin added that despite the obstacles faced in 2020, the energy sector has managed to recover and make a positive contribution to the economy again.