Regulations
Speaking before the House of Representatives’ plenary on Wednesday, President Prabowo Subianto announced that exports of certain commodities will eventually be conducted through a single SOE.
Energy and Mineral Resources Minister Bahlil Lahadalia speaks on April 6 at the Energy and Mineral Resources Ministry office in Jakarta. (Antara/Putu Indah Savitri)
The government has confirmed that President Prabowo Subianto’s newly announced “single-gate” export policy will include exemptions for the oil and gas sector, as officials do not want to disrupt investment in the capital-intensive industry.“There is certainly some concern following the President’s announcement on the centralized natural resource exports through state-owned enterprise (SOE). I bring a special message from the President: the regulation does not apply to the upstream oil and gas sector. So, there is no need to worry, it’s business as usual,” Energy and Mineral Resources Minister Bahlil Lahadalia said when opening the Indonesian Petroleum Association Conference and Exhibition (IPA Convex) 2026 in BSD, Banten, on Wednesday, as quoted by Kompas.
Aside from that, the minister also stated that oil and gas sector would not be affected with the obligation for exporters to retain all of their foreign exchange export proceeds (DHE) domestically in state-owned banks.
