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Indonesia Exempts Oil and Gas Sector from Centralized Commodity Export Control System

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Indonesia's oil and gas sector will be exempted from the government's plan for all commodity exports to go through a state-owned enterprise, according to a Wednesday statement by the Ministry of Energy and Mineral Resources of the Republic.

Minister Bahlil Lahadalia said the exclusion was put in place as most oil and gas sales fulfill domestic needs, whereas exports are generally subject to long-term contracts and need investment certainty.

The policy has been agreed between the government, which is setting up a Danantara Indonesia-led state entity enforcing tighter controls on commodity exports, and entrepreneurs.

Energy companies will also not be mandated to keep export earnings in Indonesia, the according to the statement citing Bahlil.

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