Indonesian government to overhaul mining, oil and gas sector

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Minister of Energy and Mineral Resourcesstressed a few days ago that problematic mining operating license (IUP) holders will be subject to aDrastic measuresThe Government's efforts to demonstrate its commitment to the country, including by failing to meet its obligations to the State, have been a major factor in the development of the country's economy.Overhaul of national mining governanceMiningMaximizing benefits to the populationHe noted that good mining management could increase national revenues, which could then be used for regional development, nutrition, food, health, education and infrastructure. He noted that good mining management could increase national revenues, which in turn could be used for regional development, nutritious food, health care, education and infrastructure.

Along with strict enforcement of the law, future mining management will effectively focus onenvironmental protectionMining activities should also contribute to the prevention of floods, landslides and other disasters caused by mining activities.Community empowerment goes hand in hand with environmental protectionThe Government is also working to increase the value added by the people living in the vicinity of the mines. In the hydrocarbon sector, the Government is working throughMore attractive partnership models and incentivesAccelerateOil and Gas Exploration in Eastern IndonesiaThe "pro-hydrocarbons" policy** is also being pursued to regulate the management of community wells in order to protect people's operations and to comply with environmental and mining safety regulations.

According to the results of the departmental inventory and consolidation, there has beenOver 45,000 community wellsIt can be put into operation legally and efficiently, and is expected to increase daily production by approximately10,000 barrels of crude oiland created in multiple locations225,000 new jobsHe emphasized that this was the practice of implementing article 33 of the 1945 Constitution. He stated that this was a practice that gave effect to article 33 of the 1945 Constitution, emphasizing thatOil and gas resources should not be controlled only by foreign investors or large corporationsThe public must be allowed to maximize their benefits.

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