Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Marcell Sihombing, Kartini L Makmur
The government is planning to include the petroleum fund under the 2016 State Budget. Represented by the Ministry of Energy and Mineral Resources (ESDM), the government said that the fund will support the domestic oil and gas industry in both upstream and downstream activities.
IGN Wiratmaja Puja, Director General of Oil and Gas, says that the petroleum fund will be the responsibility of ESDM. According to Mr. Puja, recent international trends show that may neighboring countries are including petroleum funds under their state budgets.
“Neighboring countries are practicing this. We are currently in the process of determining the exact numbers for the petroleum fund,” explained Mr. Puja in Jakarta last Thursday.
Mr. Puja explained that the petroleum fund will be utilized by the National Exploration Committee to conduct surveys and other exploration activities. For the downstream sector, Pertamina will use it to cover price differentiations for subsidized fuel so it can be sold cheaper than its economic price.
Commenting on the issue, Komaidi Notonegoro, Executive Director of the Reforminer Institute, expressed his appreciation for the plan. He argues, however, that revenue from oil and gas sector should not be used for more exploration. Mr. Notonegoro is of the view that the petroleum fund is necessary, but at the same time the government must be more transparent and accountable in regard to its utilization.
“There are many comments on this plan, one of them is that the petroleum fund must not end up as a feeding frenzy under conflicts of interest in regard to its utilization,” said Mr. Notonegoro.
Mr. Notonoegoro also emphasizes that the State Budget requires accountability. In this regard, it is of the upmost importance that utilization of the petroleum fund hit the mark and is optimum in its support of the oil and gas industry, one of Indonesia’s most strategic sectors.
Mr. Notonegoro is also requesting that the government not only focus on the development of upstream and downstream activities. The Petroleum fund, according to him, must also be used for the development of gas infrastructures to reduce the use of fossil fuel.
“Even though currently the government has allocations to construct gas infrastructure included in the 2015 State Budge, it might be better that all energy infrastructure budgets are integrated as one under the petroleum fund then afterwards it is overseen together,” he said.
(hot/kc)
Marcell Sihombing, Kartini L Makmur
The government is planning to include the petroleum fund under the 2016 State Budget. Represented by the Ministry of Energy and Mineral Resources (ESDM), the government said that the fund will support the domestic oil and gas industry in both upstream and downstream activities.
IGN Wiratmaja Puja, Director General of Oil and Gas, says that the petroleum fund will be the responsibility of ESDM. According to Mr. Puja, recent international trends show that may neighboring countries are including petroleum funds under their state budgets.
“Neighboring countries are practicing this. We are currently in the process of determining the exact numbers for the petroleum fund,” explained Mr. Puja in Jakarta last Thursday.
Mr. Puja explained that the petroleum fund will be utilized by the National Exploration Committee to conduct surveys and other exploration activities. For the downstream sector, Pertamina will use it to cover price differentiations for subsidized fuel so it can be sold cheaper than its economic price.
Commenting on the issue, Komaidi Notonegoro, Executive Director of the Reforminer Institute, expressed his appreciation for the plan. He argues, however, that revenue from oil and gas sector should not be used for more exploration. Mr. Notonegoro is of the view that the petroleum fund is necessary, but at the same time the government must be more transparent and accountable in regard to its utilization.
“There are many comments on this plan, one of them is that the petroleum fund must not end up as a feeding frenzy under conflicts of interest in regard to its utilization,” said Mr. Notonegoro.
Mr. Notonoegoro also emphasizes that the State Budget requires accountability. In this regard, it is of the upmost importance that utilization of the petroleum fund hit the mark and is optimum in its support of the oil and gas industry, one of Indonesia’s most strategic sectors.
Mr. Notonegoro is also requesting that the government not only focus on the development of upstream and downstream activities. The Petroleum fund, according to him, must also be used for the development of gas infrastructures to reduce the use of fossil fuel.
“Even though currently the government has allocations to construct gas infrastructure included in the 2015 State Budge, it might be better that all energy infrastructure budgets are integrated as one under the petroleum fund then afterwards it is overseen together,” he said.
(hot/kc)