indonesia

energy sector, but the government will need to pay particular attention to regulatory reform
to ensure a conducive investment climate. The Jokowi administration has taken initial steps to
address governance and corruption issues in the energy sector but also must find a way to ensure
that narrow resource nationalism does not derail its efforts to achieve energy security.
In addition to pursuing ongoing regulatory and economic reform via its stimulus packages, the
Indonesian government should take the following steps:
1. Revise the 2001 Oil and Gas Law with adequate foreign and domestic stakeholder consultation
and opportunity for public comment
2. Make the RUEN available online for public comment
3. Revise the negative investment list to improve the investment climate and liberalize investment
in sectors related to infrastructure development (especially energy infrastructure)
4. Follow up on Jokowi’s October visit to the United States and the memorandum of
understanding signed between the U.S. Department of Energy and the Indonesian Ministry
of Energy and Mineral Resources by pursuing greater cooperation in the area of green and
renewable energy development
INDONESIA’S ENERGY POLICY u STUART
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