ESDM Minister: Oil Affects State Revenue

By : Hariyanto And Aldo Bella Putra | Friday, September 29 2017 - 19:00 IWST - Jakarta - The Minister of Energy and Mineral Resources (ESDM), Ignatius Jonan, said that the world oil price is one of the strongest factors causing the decline in state revenues.

"The decline of state revenue from the energy and mineral resources sector (ESDM) is a factor, one of which is the decline in global oil prices," said ESDM Minister Ignasius Jonan in Jakarta on Thursday (28/09/2017)

Based on data from the Ministry of Energy and Mineral Resources, in 2014 revenue from this sector from oil and gas amounted to Rp320, 25 trillion, then from Renewable Energy (EBT) of Rp0, 75 trillion and Mineral, coal Rp35, 40 trillion, totaling Rp356, 4 trillion.

Then in 2015 the total amount of state revenue amounted to Rp153, 03 trillion or decreased by Rp203, 37 trillion. Furthermore in 2016 the total is Rp111, 97 trillion.

However, by 2017, as of September 2017, revenues rose to Rp118.69 trillion, making sure it will increase by the end of 2017 compared to 2016 revenues.

The highest achievement in 2014 is due to the worlds crude oil price penetrated the level of 89.08 US dollars per barrel. While in 2017 many observers assess the average world crude oil price is in the range of 50 to 55 US dollars per barrel.

Another factor, in addition to the world's crude oil prices, which makes the downward trend in state revenues from the ESDM sector, is the government's efforts to seek royalty tariffs. This is to stimulate investment in the oil and gas business.

In addition to trying to boost oil and gas production and EBT, Jonan said the Ministry of Energy and Mineral Resources is focusing on the quality of oil and gas output, so it can be absorbed by the market well.

Jonan himself in 2017 gives the target oil production is 815,000 barrels per day, but in reality the average now per day is 800,000 barrels per day.

"If by the end of the year, I think the 'outlook' is still below 815,000 barrels per day, which is for oil," said the former Minister of Transportation.

News Comment

Today's Industry

TokoScore owns features of income prediction and fraud flags. (Photo:

Kamis, 22 September 2022 - 12:29 WIB

Encouraging Financial Inclusion, Tokoscore Services Enable to Raise GOTO Revenue

The expansion of PT GOTO Gojek Tokopedia Tbk (GOTO) into the creditworthiness analysis business as known as credit scoring, through Tokoscore, has received a positive response from market players.…

Alternative tobacco products. (Photo:

Rabu, 21 September 2022 - 11:20 WIB

Indonesia Needs to Encourage Alternative Tobacco Products Research Collaboration

The scientific studies development on alternative tobacco products in Indonesia is still too minimal. The Indonesian government is suggested to encourage research collaboration on alternative…

Alternative tobacco products. (Photo:

Rabu, 14 September 2022 - 12:30 WIB

Adult Smokers Entitled to Valid and Reliable Information of Alternative Tobacco Products

Public owns the rights to obtain valid and reliable information to improve their health quality. The same rights is also owned by adult smokers, particularly to pertinent information about the…

Tikki Pangestu, the former Director of Policy Research and Cooperation of World Health Organization (WHO). (Photo:

Selasa, 06 September 2022 - 19:10 WIB

Alternative Tobacco Products, Strategy to Reduce Smoking Prevalence

The high smoking prevalence has been closely associated with increased smoking-related diseases. Alternative tobacco products are predicted to be one of the solutions that can help reduce smoking…

GoTo is a blend of Gojek and Tokopedia. (Photo:

Rabu, 31 Agustus 2022 - 12:26 WIB

More Efficient Business, GOTO Q2-2022 Contribution Margin Soars

A technology issuer with a leading ecosystem in Southeast Asia, PT GoTo Gojek Tokopedia Tbk (GOTO), releases the first half of 2022 financial performance to the same period in 2021 (year on…