JAKARTA - Energy and Mineral Resources Minister (ESDM) Bahlil Lahadalia emphasized that oil and gas products (migas) are not included in the one-door export policy through the newly formed state-owned enterprises.
For information, President Prabowo Subianto has just established a policy to export mineral commodities through a new company formed by Danantara Indonesia, namely PT Danantara Sumberdaya Indonesia (DSI).
Bahlil said that this new rule will not apply to exports of upstream oil and gas commodities.
"I came here to bring a special message from the President. Based on objective and measurable knowledge, deepening, and information, the President decided that the upstream oil and gas sector, the PP does not apply," continued Bahlil, quoted Thursday, May 21.
The Chairman of the Golkar Party said that the policy was not imposed on the oil and gas sector because most of the oil and gas sales were carried out domestically, while for exports had long-term contracts.
In addition, Bahlil ensured that the government also did not find any cheating practices in the sale of oil and gas abroad.
He added that the long-term contract scheme that has been implemented makes potential deviations such as transfer pricing and under-invoicing can be avoided.
"For going abroad, we have already made long-term contracts, and it is almost certain that there is no transfer pricing or under-invoicing," he said.
With this policy, Bahlil asked the oil and gas business actors not to hesitate to invest in Indonesia, and can carry out their business as usual.
"So there is no need to doubt, so the business is as usual," said Bahlil.
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