| Issue Number : 3448

Govt. Issues Regulation Prioritizing the Utilization of Domestic Petroleum in Order to Meet Domestic Need

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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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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Hukumonline Pro Intelligence

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professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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