Saturday, 22 February 2020 | 15:34
SPONSORS
View by:

Indonesia plans state firm to handle upstream oil and gas business

Friday, 14 February 2020 | 00:00

Indonesia has submitted to parliament a bill that proposes to set up or designate a state firm to carry out upstream oil and gas activities, as it moves to scrap red tape that hinders investments.

Made public late on Wednesday after its submission, the bill provides for private companies in upstream oil and gas activities to sign production-sharing contract with the state firm.

It also drops requirements for an upstream oil and gas regulator, a task now performed by SKK Migas.
Source: Reuters (Reporting by Fransiska Nangoy; Editing by Clarence Fernandez)

Comments
    There are no comments available.
    Name:  
    Email:  
    Comment:  
     
    In order to send the form you have to type the displayed code.

     
SPONSORS

NEWSLETTER