With the ultimate goal in mind of optimizing the utilization of petroleum in order to meet domestic need, as well as improving national energy security, the Minister of Energy and Mineral Resources (“
Minister”) has issued Regulation
No. 42 of 2018 on Priority Petroleum Utilization for the Fulfillment of Domestic Need (“
Regulation 42/2018”).
In order to accomplish the abovementioned goals, Regulation 42/2018 sets out a number of new obligations which have to be met by the state-owned oil-and-gas company, PT Pertamina, as well as by petroleum processing license holders (“Petroleum Businesses”).
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