Indonesia will establish a dedicated agency to accelerate investment approvals
in the oil and gas sector, the energy minister said on Wednesday. Coordinating
Minister Bahlil Lahadalia said the body will be granted broad powers, including
licensing approvals, to cut red tape and improve the investment climate.
Parliament has submitted a draft revision of the 2001 oil and gas law; the
government will complete a clause-by-clause response and begin joint
deliberations soon. Officials say the amendment aims to support Indonesia’s goal
of energy self-sufficiency, a presidential priority.
