Indonesia's Finance and Energy Ministers Strengthen Collaboration on Natural Resources Management

Strategic Insights -

Indonesia's Finance Minister Sri Mulyani Indrawati and Energy and Mineral Resources Minister Bahlil Lahadalia have formalized cooperation between their institutions to boost state revenue through improved management of natural resources. The agreements were signed during Minister Lahadalia's visit to the Finance Ministry, where the two ministers discussed challenges in the oil, gas, and mining sectors and ways to address them effectively. They focused on enhancing the efficiency and monitoring of energy subsidies, boosting the mining sector's contribution to the national economy, and improving governance to strengthen fiscal foundations.

Key Takeaways:

  • The Finance and ESDM ministries have agreed to intensify collaboration through cooperation pacts signed between the Directorate General of Taxes and the Minerals and Coal Directorate General, as well as the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas).
  • The agreements cover data exchange and utilization, use of tax clearance certificates for mining business permits, capacity-building initiatives, and coordination in drafting contracts and profit-sharing schemes in oil and gas.
  • The two ministers discussed practical measures to enhance the efficiency and monitoring of energy subsidies and to boost the mining sector's contribution to the national economy.
  • The collaboration aims to lead to more efficient, accountable, and impactful management of Indonesia's energy and mineral resources.
  • The ESDM minister announced that Indonesia's oil lifting had reached 608 thousand barrels per day, surpassing the state budget target of 605 thousand barrels daily for the first time.

Statistics:

  • Indonesia's oil lifting reached 608 thousand barrels per day, surpassing the state budget target of 605 thousand barrels daily.
  • The two ministers discussed ways to address challenges in the oil, gas, and mining sectors.
  • The agreements aim to enhance the efficiency and monitoring of energy subsidies and boost the mining sector's contribution to the national economy.

Sources:

  • [ANTARA News, Jakarta (2023)]
  • Editor: Primayanti
  • Translator: Imamatul S, Tegar Nurfitra
  • Copyright ANTARA 2025.