Indonesia Plans Oil and Gas Investment Agency
Indonesia plans to create a special agency to streamline oil and gas permits and boost investment. The measure is part of upcoming revisions to the countrys energy laws aimed at achieving self-sufficiency.
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Indonesia will establish a specialized agency to accelerate permitting and drive oil and gas investment, the country's energy minister said on Wednesday morning. The move targets bureaucratic bottlenecks in the upstream sector as energy self-sufficiency takes center stage in national policy. Streamlining regulatory approvals is vital to reversing declining domestic production and attracting foreign capital.
