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Jakarta Post

Govt simplifies regulations on oil, gas industry

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Tue, February 13 2018   /  12:24 am

The Energy and Mineral Resources Ministry is continuing to revamp and simplify its tangled regulations especially on the oil and gas sector, which has come to President Joko ‘Jokowi’ Widodo’s attention as revenues from the industry have been declining in recent years.Energy and Mineral Resources Minister Ignasius Jonan announced on Monday that a series of regulations, for the industry’s upstream and downstream sectors, have been either revoked or merged.As many as 11 decrees under the ministry’s Directorate General of Oil and Gas and three regulations under the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) are being annulled. Meanwhile, 11 more decrees under the directorate general were also revoked last week, totaling 25 regulations on the oil and gas sector that have been removed this year.“We decided to reduce or revoke many of the regulations thought to ha...