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

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Serica Energy Agrees $194M Pharos Energy Acquisition

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

Current News

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Strait of Hormuz Shipping Marks Slight Rise

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

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