DPR, govt agree to revise law on oil and gas

The House of Representatives and the government have agreed to revise Law No. 22/2001 on oil and gas as its clauses are considered to be no longer relevant to the current condition.

Head of the House Commission VI Airlangga Hartarto cited as an example that one of the of the
clauses, which were no longer relevant, dealt with an obligation to supply only 25 percent of the domestic oil and gas demands.

“In line with the special fuel oil inquiry committee, the law on oil and gas will be revised during the current House period,” Hartarto said Friday as was quoted by the state Antara news agency.

 Hartarto explained that the revision of the law would give priority on the national interest and also on the cost recovery in the oil and gas operation.

“Principally the House and the government agree to meet all the domestic demand first,” he said, adding that the revision was expected to help settle problem of limited gas supplies for the domestic industries.