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optimalization of petrochemical feedstocks in ... - CMT Conferences

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I.1. INTRODUCTION<br />

NEW REGULATION FOR OIL & GAS SECTOR IN INDONESIA<br />

(Implementation <strong>of</strong> Oil & Gas Law No. 22/2001 and<br />

Government Regulations No. 35 & 36/2004)<br />

BEFORE<br />

AFTER<br />

Regulator<br />

Operator<br />

Custodion for<br />

Oil & Gas<br />

Reserved<br />

PERTAMINA Regulate and<br />

Supervise Upstream &<br />

Down Stream Bus<strong>in</strong>ess<br />

PERTAMINA as a S<strong>in</strong>gle<br />

Operator/<br />

Monopoly <strong>in</strong> Downstream<br />

Bus<strong>in</strong>ess and as a Coord<strong>in</strong>ator for<br />

all upstream Bus<strong>in</strong>ess <strong>in</strong><br />

Indonesia (PSC)<br />

PERTAMINA Manage for Oil &<br />

Gas Bus<strong>in</strong>ess, as a<br />

Representative <strong>of</strong> the<br />

Government)<br />

• DIRJEN MIGAS<br />

• UPSTREAM : BP<br />

MIGAS<br />

• DOWNSTREAM :BPH<br />

MIGAS<br />

PERTAMINA merely a<br />

Player <strong>in</strong> Upstream<br />

/Downstream<br />

Bus<strong>in</strong>ess similar to<br />

others<br />

• BP MIGAS<br />

• BPH MIGAS<br />

BP MIGAS : Regulatory Agency for Upstream Bus<strong>in</strong>ess.<br />

BPH Migas : Regulatory Agency for Downstream Bus<strong>in</strong>ess<br />

PT PERTAMINA (PERSERO) 4

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