Indonesia Oil & Gas Report Q2 2015
We have upgraded our consumption forecasts based on expectations that the election of reform-minded Joko 'Jokowi' Widodo as president would have a positive impact on Indonesia's business environment - which has hitherto limited the country from maximising its below-ground potential - and its economy. A weaker oil price environment will also stimulate consumption despite subsidy cuts. Our forecasts could surprise to the upside if Jokowi is more successful than expected in battling entrenched interests in the oil and gas industry to revamp its operating environment.
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