JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia accused the International Monetary Fund (IMF) of causing the drop in domestic oil lifting.
According to him, this decline was the IMF's recommendation for the oil and gas (oil and gas) system after the 1998 economic crisis.
Bahlil explained, previously paa from 1996 to 1998 Indonesia branded the lifting heyday with an achievement of 1.5 million to 1.6 million barrels of oil per day, while consumption was only 500,000 BOPD.
The remaining lifting results are generally exported abroad and make Indonesia one of OPEC countries.
Bahlil said the IMF was then present by offering various policy packages, one of which was the domestic oil and gas lifting system.
"In the 98th year, an economic crisis occurred in various economic policy packages from institutions that we believe are doctors, one of whom is the IMF, providing recommendations for changes to the oil and gas law system," Bahlil said in his remarks to Human Capita; Summit, Tuesday, June 3.
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The chairman of the Golkar Party said that after the policy package was applied, the realization of RI's lifting then decreased significantly to only 580,000 bopd with consumption reaching 1.6 million barrels.
"So we import 1 million BPH fuel. So we export 96-97 conditions, we import 2024. This is the result of the IMF's analysis of 'doctor'," he continued.
Therefore, Bahlil asked not to put too much trust in foreigners, including the IMF, which then disrupted Indonesia's lifting achievements.
"We have to make efforts, not all the drugs given are for the good of healing our disease," he said.
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