Indonesia looks to top up its fuel tanks

The Indonesian government wants to open the downstream playing field to attract tens of billions of dollars in private investment this year

Indonesia's president Joko Widodo, known to the world as Jokowi, has not kept his penchant for courting foreign capital secret. But political infighting, rising nationalism and continuing legal uncertainty have kept energy investors away. If proposed reforms, designed to help boost energy security, are implemented in 2016, that could change. The government has agreed two goals to boost energy security. It is targeting 30 days worth of operational stocks for each fuel product, including crude for processing, by 2020. It will also create an energy buffer reserve, which if built by the end of the decade would be Southeast Asia’s largest oil-storage terminals. The buffer would be a public emerge