Indonesia to Issue Rules on Crude Oil Sales Next Week

Posted by Michelle Howard
Wednesday, September 5, 2018

* Indonesia expects to issue rules next week prioritising Pertamina and other domestic refinery operators in sales of crude oil produced locally by contractors, Oil and Gas Director Djoko Siswanto said on Wednesday

* The rules require Pertamina to agree on crude purchases at prices based on business negotiations with domestic oil producers, Siswanto told reporters at a news conference

* This could affect up to 110,000 barrels per day (bpd) of oil produced by Chevron and 27,000 bpd from Exxon Mobil at their operations in Indonesia, he said

* The rules have been signed by the energy and mineral resources minister and are awaiting final approval by the Law and Human Rights Ministry, Siswanto said

Reporting by Wilda Asmarini; writing by Fergus Jensen

Categories: Government Update Shale Oil & Gas Indonesia

Related Stories

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

European LNG Imports Up with Asian Influx

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Vestas Lands First 15MW Offshore Wind Turbine Order in Asia Pacific

Flare Gas Recovery Meets the Future

Current News

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com