preventing dutch diseases - United Nations in Cambodia

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MINISTRY OF ENERGY AND MINERAL RESOURCESDIRECTORATE GENERAL OF OIL AND GASMarch 27, 2008THE ROLE OF OIL AND GAS SECTORIN INDONESIAN ECONOMIC DEVELOPMENTINDONESIAN ECONOMIC DEVELOPMENTSOURCES OFGOVERNMENT’SREVENUESOURCES OFENERGY &FEEDSTOCKCREATINGMULTIPLIEREFFECTSPast Approach:Maximizing Government RevenueOIL & GASCurrent Approach:People Prosperity(Pro Poor - Pro Job - Pro Growth)SAFETY FIRST 10© DJ MIGAS 2008
MINISTRY OF ENERGY AND MINERAL RESOURCESDIRECTORATE GENERAL OF OIL AND GASMarch 27, 2008Percentage of Oil & Gas Revenue, Oil Subsidy to Indonesia’s National AccountsCompare to Oil Production and Oil Price801980:Increased of Price1800Percent Contribution & US$ per Barel Oil Price706050403020100196919701974: Sharply Increasedof Production & Price197119721973197419751976197719781986: Sharply Decreased& Fluctuation of PriceSAFETY FIRST 11197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002% Contribution to Nat. Revenue Oil Subsidy Oil Production Oil Price2001-2007Declining ProductionRecoveredby Increasing Price200320042005200620071600140012001000800600Thousand BOPDSince 1998 Crisis, Oil Subsidybecome Major Nat. Spending Burden© DJ MIGAS 2008
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