Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Robert Sidauruk
Dealing with the management of national energy issues will be the main homework for the next administration due to the high levels of subsidies as well as several issues related to enhancing investment into the upstream and downstream oil sectors.
Ari H. Soemarno, former President Director of PT Pertamina (Pertamina) pointed out that the subsidy allocation under the State Budget has now reached IDR 400 trillion. This is further aggravated by high levels of domestic fuel consumption, the hike in world fuel prices, and the depreciation of the rupiah against the US dollar.
“Subsidy allocation for fuel has reached IDR 300 trillion and IDR 80 trillion for electricity. This must be solved by the next president,” said Mr. Soemarno in Jakarta on Wednesday.
Mr. Soemarno also highlighted the problem of electricity shortages in several areas in Indonesia due to deficiencies in electricity infrastructure and implementation of electrification ratios. For the downstream oil sector, Mr. Soemarno suggests that the next president commit to developing refineries as investors are no longer attracted to the upstream sectors.
“We have a lot of potential exploration sites for oil but it does not attract investors. Several contractors said that they are no longer interested in oil exploration in Indonesia due to bureaucracy and permit issues,” said Mr. Soermano.
Responding to the downstream oil sector issues, Kurtubi, an oil and gas expert, believes that it would be a big mistake if the Government were to leave the development of refineries to private or foreign investors. Ideally, Mr. Kurtubi continued, the Government must appoint Pertamina to establish refineries as the refinery business is a lucrative investment with zero percent chance of loss.
“Pertamina should take the responsibility to build refineries while foreign parties may only supply oil on a long term basis,” said Mr. Kurtubi.
Based on this reasoning , Mr. Kurtubi said that the Government does not have any valid grounds to argue that investment in refineries is a risky business or say that the Government and PT Pertamina have insufficient funds for this investment.
“The price for 1 liter of fuel is more expensive than 1 liter of crude oil, hence to build a refinery is a definite investment. If someone argues otherwise, we should be suspicious of their involvement in the oil sector mafia,” added Mr. Kurtubi.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
Dealing with the management of national energy issues will be the main homework for the next administration due to the high levels of subsidies as well as several issues related to enhancing investment into the upstream and downstream oil sectors.
Ari H. Soemarno, former President Director of PT Pertamina (Pertamina) pointed out that the subsidy allocation under the State Budget has now reached IDR 400 trillion. This is further aggravated by high levels of domestic fuel consumption, the hike in world fuel prices, and the depreciation of the rupiah against the US dollar.
“Subsidy allocation for fuel has reached IDR 300 trillion and IDR 80 trillion for electricity. This must be solved by the next president,” said Mr. Soemarno in Jakarta on Wednesday.
Mr. Soemarno also highlighted the problem of electricity shortages in several areas in Indonesia due to deficiencies in electricity infrastructure and implementation of electrification ratios. For the downstream oil sector, Mr. Soemarno suggests that the next president commit to developing refineries as investors are no longer attracted to the upstream sectors.
“We have a lot of potential exploration sites for oil but it does not attract investors. Several contractors said that they are no longer interested in oil exploration in Indonesia due to bureaucracy and permit issues,” said Mr. Soermano.
Responding to the downstream oil sector issues, Kurtubi, an oil and gas expert, believes that it would be a big mistake if the Government were to leave the development of refineries to private or foreign investors. Ideally, Mr. Kurtubi continued, the Government must appoint Pertamina to establish refineries as the refinery business is a lucrative investment with zero percent chance of loss.
“Pertamina should take the responsibility to build refineries while foreign parties may only supply oil on a long term basis,” said Mr. Kurtubi.
Based on this reasoning , Mr. Kurtubi said that the Government does not have any valid grounds to argue that investment in refineries is a risky business or say that the Government and PT Pertamina have insufficient funds for this investment.
“The price for 1 liter of fuel is more expensive than 1 liter of crude oil, hence to build a refinery is a definite investment. If someone argues otherwise, we should be suspicious of their involvement in the oil sector mafia,” added Mr. Kurtubi.
(hot/kc)