- After a long period of standstill, the Draft Bill on Oil and Gas, which serves as a revision of Law No.22 of 2001 on Oil and Gas (“Draft Bill”), has finally been listed under the Priority National Legislative Program. The Draft Bill was first proposed to the legislative board (badan legislatif) back in 2017.
- According to Supratman Andi Agtas, Chairman of the Legislative Board at the House of Representatives, the Draft Bill contains at least two important points that need to be underlined. Firstly, there is the issue of the position of Special Business Entities (“BUK”) within the oil-and-gas sector. After a lengthy period of deliberation, it has been decided that the BUK will fall under the control of the Ministry of Stated-Owned Enterprises.
- The second point concerns oil import quotas. The current oil import quota is unable to meet Indonesia’s domestic need, and therefore the government needs to formulate a regulation which will specifically address the supervision of oil import quotas by the Downstream Oil-and-Gas Regulatory Agency (BPH Migas).
- For more on this story, see Hukumonline: “Dua Poin Penting Dalam RUU Migas”.
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