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Gas Regulatory Agency
Downstream Oil and Gas Supervisory Agency
Regulatory Body of Downstream Oil & Gas Activities
Downstream Oil and Gas Regulatory Agency
Tubagus Haryono, head of BPHMigas, said on Tuesday that Pertamina had already been selected, while the possible involvement of PT Shell Indonesia, MalaysiaÂ's Petronas Niaga Indonesia and PT Aneka Kimia Raya Corporindo was still under discussion. Â"WeÂ'll give those companies until November to expand their infrastructure and then weÂ'll evaluate,Â" he said.
"The bond was handed over by Bakrie last Tuesday," said Downstream Oil and Gas Regulatory Agency (BPH Migas) director Tubagus Haryono in Jakarta on Thursday. Bakrie was recently awarded the sole right to build and operate the US$1.26 billion gas pipeline after it successfully underbid PT Perusahaan Gas Negara (PGN) and Barata, another state-owned firm. Under the deal, Bakrie is required to pay a bond amounting to 0.1 percent of the total value of the project, or $1.26 million, as a guarantee that it will perform its side of the agreement. Tubagus said that Bakrie was required to begin construction in January next year.If it failed to do so, the company would receive a strong warning from the government, he added. (JP/05)
Tubagus Haryono, the chairman of the Downstream Oil and Gas Regulatory Agency (BPH Migas) and acting chairman of the team, said Monday that the new team would include representatives drawn from the National Police and Attorney General's Office, and would have the power to initiate investigations and prosecutions.Unlike the previous team, which was overseen by state oil and gas firm PT Pertamina, the new team's day-to-day work will be supervised by the coordinating minister for political, legal and security affairs, Tubagus said."If the team uncovers evidence in the field, it can be followed up by a police investigation," he explained.Through close coordination with the police, he said, it was expected that the team would be able to deal effectively with the illegal trade in subsidized fuel throughout the country.Previously, the team was only able to focus on 10 areas in Jakarta, including Cakung, East Jakarta, which have reportedly played host to illegal fuel depots.Having police representatives sitting on the team, Tubagus said, would allow it to extend its work to rural areas."We are targeting the inspection of 20 locations this year," he said, while refusing to reveal their names.Tubagus said that each illegal fuel depot had the potential to cost the state some Rp 150 million in losses every day.Tubagus said that based on articles 53, 54 and 55 of the 2001 Oil and Gas Law, offenders could be sentenced to between five and ten years in prison.
Tubagus Haryono, head of the Downstream Oil and Gas Supervisory Agency (BPH Migas), said liberalization of the fuel sector will start in November 2005, when state oil and gas company Pertamina loses its monopoly on the distribution and sale of fuel.Foreign firms will then be able to sell certain types of fuel in Indonesia, provided they obtain licenses and operate with local partners. Haryono said BPH Migas has proposed that fuel subsidies not be completely eliminated until 2010 because the public is not yet ready for steep fuel price increases.He also said Indonesia's facilities for fuel distribution and storage also need to be improved in accordance with international standards."Many factors have caused complete liberalization to be postponed until 2010.However, before liberalization is carried out, there will be a transitional stage and a balancing stage.That is our proposal," he was quoted as saying by detikcom. He said the number of investors seeking to enter Indonesia's retail fuel market after Pertamina loses its monopoly is not yet high due to the costly subsidies.
Tubagus Haryono - Chairman of Regulatory Body of Downstream Oil & Gas Activities (BPH Migas)