#Oil and Gas
Director General of Oil and Gas suspended amid corruption investigation
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has suspended Director General of Oil and Gas, Achmad Muchtasyar, as of today, February 11, 2025, following a raid by investigators of the Attorney General's Office at the Oil&Gas Directorate General over alleged corruption in the management of crude oil and refinery products.
Oil&gas directorate general office searched over graft allegation
Investigators at the Office of Junior Attorney General for Special Crimes (Jampidsus) conducted a search at the Office of the Directorate General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) over alleged corruption in the management of crude oil and refinery products at State oil company PT Pertamina, Sub-holding, and Oil and Gas Contractors (KKKS) for the 2018-2023 period.
Government to set up “Supervisory Body” for 3-kg LPG distribution
The government is planning to establish a supervisory body for 3-kg liquefied petroleum gas (LPG) distribution − similar to the current fuel monitoring system − aimed at ensuring better distribution and price control of subsidized LPG.
GAPKI asks expanded oil palm oil plantations to meet B50-B100 mandate by 2045
The Indonesian Palm Oil Association (GAPKI) says that Indonesia needs to have extended oil palm plantations to meet the needs of the mandatory program of mixing fuel oil (BBM) and biofuel (BBN) by 50 percent or B50 up to B100.
Indonesia set to build new petroleum storage facility, boost energy reserves
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
Government may revoke Masela Block concession after 26 years of uncertainty
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, says that the government may revoke the Masela Block gas concession held by INPEX Corporation since no progress has been made ever since the concession was issued 26 years ago.
Pertamina unveils dual growth strategy for energy independence, low-carbon future
State energy company PT Pertamina, through its Long-Term Company Plan until 2029, will develop its business with a dual growth strategy to maximize its oil&gas output and develop renewable energy.
Indonesia still dependent on fuel imports from Singapore: Bahlil
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia says it is ironic for Indonesia to continuously import 54 percent of its fuel oil from Singapore while considering that the neighboring country is not an oil producer.
PHR discovers oil and gas potential in South Sumatra
PT Pertamina Hulu Rokan (PHR) through the drilling of the Rotan River Downloack-1 exploration well in the PHE Jambi Merang working area (WK) in South Sumatra found oil and gas resources from the Baturaja Formation Limestone.
Indonesia explores oil imports from Russia following BRICS membership
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has opened up the possibility for Indonesia to buy oil from Russia after Indonesia officially became a member of BRICS, an intergovernmental organization focusing on economic cooperation and development.
CERI to sue oil&gas stakeholders violating TKDN regulations
Executive Director of the Center of Energy and Resources Indonesia (CERI), Yusri Usman, mulls oversuing oil and gas stakeholders for alleged violation ofregulations regarding the Local Contents (TKDN) obligations.
Bahlil pushes for accelerated completion of Balikpapan RDMP expansion by July 2025
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, met with top executives of State energy company PT Pertamina, requesting the Balikpapan Refinery Development Master Plan (RDMP) project to be operational in July 2025.