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Ministry revokes 22 regulations on energy sector
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Energy and Mineral Resources Minister Ignasius Jonan and Deputy Minister Arcandra Tahar attend a press conference in Jakarta on Feb. 5. (Antara/ Rivan Awal Lingga)
T
he Energy and Mineral Resources Ministry has cut 22 regulations on the energy sector in an effort to simplify the business permit issuance process.
The cuts are in addition to the 32 regulations scrapped by the ministry on the oil and gas and mining sectors, recently.
“We decided to cut the regulations we considered to have hampered investment in accordance with directives from the President [Joko ‘Jokowi’ Widodo],” Minister Ignasius Jonan told reporters at a press conference at the ministry office in Jakarta on Monday.
This year, the government aims to attract US$50 billion in investment in the energy sector, well above last year's realized figure of $26 billion.
The 22 regulations that were revoked or merged consisted of 11 decrees under the ministry’s Directorate General of Oil and Gas, seven under the Directorate General of Mineral and Coal, seven under the Directorate General of New and Renewable Energy and three under the the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas).
Jonan said the ministry was anticipating further regulation cuts in the upcoming weeks. “With all these cuts, we hope the flexibility [of the energy sector] will improve,” he said. (bbn)
