Kamis, Mei 27, 2021

Indonesian Crude-Oil Price Formula Adjusted

The Indonesian crude-oil price formulas for several types of crude oil have now been adjusted based on evaluations carried out by the Indonesian crude-oil price team. As a result, the Minister of Energy and Mineral Resources (“Minister”) has issued Decree of the Minister No. 80.K/MG.03/MEM.M/2021 of 2021 on the Amendment to Decree of the Minister No. 114.K/12/MEM/2020 on Indonesian Crude-Oil Price Formulas (“Amendment”).
The price formulas for the following types of Indonesian crude oil have now been adjusted: 1) Bula, which has now been set at SLC – US$2.82 per barrel (“bbl”); 2) Klamono, which has now been set at SLC – US$2.82/bbl; and 3) Kondensat Sampang, which has now been set at 92.1% x Senipah Condensate/bbl.
In addition, Arjuna has been excluded from the list of Indonesian main crude oil and is now recorded under the list of other Indonesian crude oil with a new Belida formula of US$1.04/bbl.
The Amendment has been in force since 28 April 2021 and can be accessed here.

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*Syarat dan ketentuan berlaku

The Indonesian crude-oil price formulas for several types of crude oil have now been adjusted based on evaluations carried out by the Indonesian crude-oil price team. As a result, the Minister of Energy and Mineral Resources (“Minister”) has issued Decree of the Minister No. 80.K/MG.03/MEM.M/2021 of 2021 on the Amendment to Decree of the Minister No. 114.K/12/MEM/2020 on Indonesian Crude-Oil Price Formulas (“Amendment”).
The price formulas for the following types of Indonesian crude oil have now been adjusted: 1) Bula, which has now been set at SLC – US$2.82 per barrel (“bbl”); 2) Klamono, which has now been set at SLC – US$2.82/bbl; and 3) Kondensat Sampang, which has now been set at 92.1% x Senipah Condensate/bbl.
In addition, Arjuna has been excluded from the list of Indonesian main crude oil and is now recorded under the list of other Indonesian crude oil with a new Belida formula of US$1.04/bbl.
The Amendment has been in force since 28 April 2021 and can be accessed here.

......