Indonesia’s long-awaited draft oil and gas law will be implemented by the end of 2017, according to Ignasius Jonan, the country’s energy minster. The legislation could help spur much-needed investment.
"The draft law will be sent to President [Joko Widodo] by the end of June for the formal dialogue with the government to start […] we will try to avoid additional bureaucracy and liberalise the sector, but it’s a political process," Jonan told delegates at the Indonesian Petroleum Association’s (IPA’s) annual conference in Jakarta.
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