Policy & Regulation

Indonesian Petroleum Fund signals improved investment atmosphere

In an effort to lure more global energy firms, the Indonesian government will create a “Petroleum Fund” to finance data collection at oil and gas plays and expand infrastructure, according to The Jakarta Post.
By James Burbridge 30 July 2012 0 11166

In an effort to lure more global energy firms, the Indonesian government will create a “Petroleum Fund” to finance data collection at oil and gas plays and expand infrastructure, according to The Jakarta Post.

The fund, which could be created as soon as next year, will receive an estimated 5% of non-tax revenue from the oil and gas sector, Rudi Rubiandini, deputy of the Ministry of Energy and Mineral Resources, said in the report.

“If we want to make our oil and gas blocks appealing to the...