Jakarta (ANTARA News) - The House of Representatives (DPR) and the government have agreed to revise Law No. 22 / 2001 on Natural Oil and Gas because a number of clauses in the law are considered no longer relevant.

Chairman of the House Commission VI for investment, trade and industry affairs Airlangga Hartarto said here on Friday that one of the clauses no longer relevant at present was the one which stipulated the obligation to supply 25 percent domestic needs with oil and gas.

"Based on the decision of the House special inquiry committee on fuel oils, the oil and gas law should be revised by the House in the House current term," Hartarto said.

He explained that at a special meeting of the special inquiry committee, committee members discussed the adjustment between supply and domestic demand which was seen as no longer relevant.

Hartarto said that in the revision of Law 22/2001, priority would be given to national interest and the refund of cost recovery.

The revision, he said, also concerned efforts to reinforce the Upstream and Down Stream Oil and Gas Regulating Agency (BP Migas and BPH Migas).

It will also concern the involvement of the House in the approval of oil and gas work contracts, infrastructure availability and the fixing of oil and gas prices.

"In essence, the government and the House agreed to give priority to domestic need before hand," Hartarto, who is also former chairman of the House Commission VII on energy affairs, said.(*)

Editor: Heru
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