Oil and Gas are Weak, Government Urged to Revise Oil and Gas Law

By : Ahmad Fadli Dan Aldo Bella Putra | Tuesday, October 03 2017 - 20:20 IWST

Gedung SKK Migas (en.tempo.co)
Gedung SKK Migas (en.tempo.co)

INDUSTRY.co.id - Jakarta - The condition of oil and gas business in Indonesia is currently considered not support the investment climate. The Factor, because of the legal uncertainty contained in the Oil and Gas Act (Oil and Gas) itself. On that basis, the Special Forces Working Unit (SKK) of Oil and Gas urges the Government to immediately revise the Oil and Gas Law to revolutionize the industry's governance in the country.

"Until now there are no signs of clarity on the government's stance on the revision of the law," said SKK Migas Workers Union Executive Bambang Dwi Djanuarto, in an email received by the editors, Tuesday (3/10).

According to Bambang, investment in oil and gas industry in Indonesia in the period of two to three years has decreased considerably. This is evident from the interest of investors to participate in the auction of working area in Indonesia which is still very minimal.

"Therefore, we hope that the Minister of Energy and Mineral Resources can quickly formulate a revision of the Oil and Gas Law and this revision is important to provide legal certainty for foreign investors to invest in the oil and gas sector in the country," he said.

Meanwhile, Chairman of Jakarta Journalists Forum, Ahmad Yuslizar urged that the government and the House of Representatives immediately sit at the table to finalize the revision of the Oil and Gas Law. Therefore, Oil and Gas Law No. 22 of 2001 is no longer relevant to the current conditions.

"The new oil and gas law is expected to solve the problems in the downstream sector. We also hope that in the Oil and Gas Law will be accommodated with the latest energy problems, solar energy and so on, '' he said.

News Comment

Today's Industry

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…

The Indonesian Embassy in Cairo Receives Aid for Palestine

Senin, 19 Februari 2024 - 17:39 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…