The Indonesian Petroleum Association (IPA) held its 48th Annual General Meeting (AGM) in Jakarta on Wednesday December 4, 2019. The AGM discussed IPA’s 2019 activities as well as 2020 strategic priorities.
As one of the requirements as the country who apply the Extractive Industries Transparency Initiative (EITI), Indonesia annually prepares a Report on Transparency in governance of extractive industries that contains the latest efforts of improvement and development the governance in Indonesia extractive industries. The purpose of the report publication is to provide a complete explanation of the implementation of extractive industry in Indonesia as well as to enhance the understanding and perception of EITI stakeholders in Indonesia.
Indonesia's oil and gas’ potential remains highly promising and will continue to be one of the main pillars to support the growth of the Indonesian economy. On the other hand, the oil price continues to be volatile and oil and gas company investment allocation will continue to be quite competitive.
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[JAKARTA] The 2nd IPA Ethics & Compliance Committee Annual Gathering was conducted at the offices of BP Indonesia on Wednesday 19 September 2018. The theme of the event was “Government Relations and Commercial Dealings in the Oil and Gas Industry: The Perspective of Corporate Crime and Liability” and this important gathering was attended by 75 participants. The main speaker was Mr. Laode.M. Syarief as Commissioner of KPK and other speakers were Mr. Dadang Trisasongko as General Secretary of Transparency International Indonesia (TII), and Mr. Tenny Wibowo, member of the IPA Board of Directors.
The 42nd Indonesian Petroleum Association Convention and Exhibition (IPA Convex) ended today with both regulator and industry executives in agreement that forging a closer partnership is essential to build a better future for the upstream oil and gas industry. “Let’s work together and (be) more efficient,” Amien Sunaryadi, Chairman of the Special Taskforce for Upstream Oil and Gas Business Activities (SKK Migas), said in his closing speech.
A panel of experts speaking at the 2nd plenary session of the 42nd Indonesian Petroleum Association Convention and Exhibition (IPA Convex) today shared a similar view that sensitivity and flexibility from the regulator are key in forging a productive partnership with PSC Contractors, thus improving the nation’s global competitiveness.
The government and industry players must collaborate continuously in order to forge a better future for the upstream oil and gas industry and improve Indonesia’s competitiveness on the global stage, according to a panel of experts at the first plenary session of the 42nd Indonesian Petroleum Convention and Exhibition today.
The government will continue to streamline rules and regulations related to the upstream oil and gas industry in a bid to attract investors, President Joko Widodo said during his opening speech at the 42nd Indonesian Petroleum Association Exhibition and Convention today. “Our regulatory (environment) is still less conducive to attract investment. It is confusing and complicated,” admitted the President.