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The Development of Electricity in Natuna Islands

By: Akhmad Hanan The Natuna Islands is a frontier area of Indonesia and a part of Riau Islands Province. The Natuna Islands has 15 subdistricts,...

What Drives Household Energy Choice for Cooking?

By: Anggun Alfina ZakiaEnergy and fuel are important factors for the household’s welfare in developing countries and key drivers of economic growth and development....

The Implementation of Renewable Energy in the Top Oil Producer Countries

By: Massita Ayu Cindy Background Oil has been in the headline for hundred years and has powered the economy by maintaining the industrial revolution power resources...

Indonesia Renewable Energy Development: How far have we gone?

By: Rahmantara Trichandi The year 2006 marked a new era of Indonesia’s energy sector with the implementation of Presidential Regulation Number 5/2006. This regulation was...

The Determination of Energy Price

Figure 1. A standard supply and demand curveBy: PYC Researcher Team The energy price is directly affected by the energy consumption used in the industry,...

The World’s Oil Market and OPEC

By: Massita Ayu Cindy Researcher at Purnomo Yusgiantoro Center (PYC). Figure 1. The curve of oil price history from 1860 to 2017 OPEC History Since 1860, crude oil has been...

The Unpredictability of Oil Prices

By: Luky Yusgiantoro, Ph.D. Economic analysis is the cornerstone of most important decisions made by major energy stakeholders. The major component in conducting economic analysis...

Policy Review on the Sanctity of Contract

By: Mr. Simon Sembiring and Mrs. Edna Caroline  Once parties sign a contract, they are bound by the obligations stated in the contract. In business,...

Sustainable Energy in Developing Countries

By: Hilman Syahri Fathoni A recent study by Ren21 shows that there was a higher investment trend in the renewable energy sector by developing countries...

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Prof. Ir. Purnomo Yusgiantoro, M.Sc., M.A., Ph.D., IPU

Purnomo Yusgiantoro is the Founder of the Purnomo Yusgiantoro Center (PYC). He received his bachelor degree (Ir) in Petroleum Engineering from Institut Teknologi Bandung, Indonesia; MSc in Engineering from Colorado School of Mines, USA; MA in Economics from University of Colorado, USA; and PhD in Mineral Economics from Colorado School of Mines, USA. Since 2014, Purnomo dedicates much of his time, knowledge, and skills to teach the subject of energy economics at Institut Teknologi Bandung (ITB). Also, Purnomo is the Co-founder of Universitas Pertahanan (Unhan), Indonesia, where he teaches the subject of energy security until now. He is now a senior advisor for Executive Office of the President Republic of Indonesia.

He has vast experiences working and contributing in the energy and defense sector of Indonesia. He worked as a consultant for the World Bank and Asian Development Bank (ADB) in the field of energy economics and sustainable development. He also acted as the Chairman of Board of Commissioners for Pertamina. Purnomo also has held a position as Vice Governor of National Defense Agencies (Lemhannas). Purnomo was the Minister of Energy and Mineral Resources of Republic of Indonesia for three consecutive terms, from year 2000 until 2009. He also held the position of Minister of Defense of Republic of Indonesia between 2009 and 2014. In the global sphere, Purnomo served as the Governor of Organization of Petroleum Exporting Countries (OPEC) and its Secretary General as well as President, based in Vienna, Austria. He also carried the responsibility as the Chairman of the ASEAN Ministers of Energy Meeting (AMEM). He continues his devotion to the energy sector development by establishing PYC in 2016.