Indonesia and OPEC: why does Indonesia maintain its distance?

Faisol, Wildan; Indriastuti, Suyani; Trihartono, Agus

doi:10.1088/1755-1315/485/1/012010

Cited by 5 publications

(5 citation statements)

References 8 publications

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“…Indonesia has a hard time producing 1 million barrels/month (Amir, 2019). Indonesia, the founding member of OPEC, left the organization in 2009 and is now importing larger quantities of oil (Faisol et al, 2020). The country is also in need of foreign investments to revamp its declining energy sector.…”

Section: Discussionmentioning

confidence: 99%

Indonesia’s Energy Relations with the Gulf Cooperation Council Countries: Drivers and Progresses

Rakhmat

Pashya

2022

IJE

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Located on opposite ends of Asia, Indonesia and the Gulf Cooperation Council (GCC) member states have developed dense and multifaceted relations in recent years. Trade and economic relations have been foundational in developing these ties, with energy playing an important role. Energy has long been at the heart of Indonesia-GCC trade. The relations have expanded from traditional energy such as oil and gas to renewable energy. This article examines the progress of Indonesia-GCC relations, particularly in the energy field. It looks at the major past and present developments in the energy cooperation between Indonesia and the Gulf countries, including exports, imports, as well as investments. In doing so, the paper also examines the drivers behind the growing cooperation.

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Section: Discussionmentioning

confidence: 99%

Indonesia’s Energy Relations with the Gulf Cooperation Council Countries: Drivers and Progresses

Rakhmat

Pashya

2022

IJE

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“…Namun title pengekpor minyak bagi Indonesia seketika berubah menjadi pengimpor minyak. Hingga akhirnya pada tahun 2008 setelah menjadi pengimpor minyak dan bukan lagi pengekspor minyak Indonesia menarik diri dalam keanggotaan OPEC (Faisol et al, 2020). Pada penelitian ini akan berfokus pada konsumsi dan prdoduksi minyak di Indonesia.…”

Section: Pendahuluanunclassified

Peramalan Konsumsi Dan Produksi Minyak Menggunakan Model Arima Di Indonesia

Wahyudi

2023

JEP

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Minyak merupakan salah satu sumber energi penting dalam suatu negara. Indonesia adalah salah satu negara yang pernah menjadi penghasil minyak utama dunia, namun saat ini diancam mengalami deficit minyak. Kondisi ini tentu memerlukan startegi dan kebijakan yang tepat agar Indonesia mampu memenuhi kebutuhan minyak dalam negerinya. Penelitian ini bertujuan untuk meramalkan konsumsi dan produksi minyak Indonesia tahun 2022-2026 dengan menggunakan data masa lalu yakni tahun 1980-2021. Dalam penelitian ini menggunakan model Auto Regressive Integrated Moving Avarage (ARIMA), dimana dihasilkan beberapa model alternatif dalam peramalan konsumsi minyak, yakni ARIMA (2, 1, 2), (2, 1, 16), (15, 1, 2), dan (15, 1, 16) dan juga model alternatif produksi minyak yakni ARIMA (3, 1, 9), (3,1,11), (13, 1, 9), dan (13, 1, 11). Berdasarkan beberapa model alternatif tersebut diperoleh model terbaik untuk peramalan konsumsi minyak dan produksi minyak secara berturut-turut adalah (2, 1, 16) dan (3, 1, 9). Dari hasil penelitian ini diperediksi bahwa konsumsi minyak Indonesia jauh diatas produksi minyak. Hal ini jika dibiarkan secara terus-menurus dapat berpengaruh negative terhadap perekonomian negara. Dengan demikian penelitian dapat dijadikan referensi pengambilan kebijakan terkait pemenuhan konsumsi minyak serta peningkatan produksi minyak di Indonesia.

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“…While the country rejoined the organization in 2014 to facilitate direct oil imports from producer countries, challenges persisted due to the complex oil sales system involving traders and tanker services. Ultimately, Indonesia left OPEC again in 2016 due to disagreements over oil production quotas 16) .…”

Section: Policy Effectiveness In Achieving Oil Supply Targets In Ruenmentioning

confidence: 99%

“…On the downstream side, Indonesia has consistently shifted its focus on oil exports towards contributing to economic development capital. This policy is designed to enhance people's prosperity by optimizing energy usage for national economic development, creating higher added value, generating more job opportunities, and, most importantly, ensuring national energy security 10,16,19) . Consequently, oil contractors and their affiliates are required to offer their crude oil shares to the State-owned Oil and Gas Company and other business entities holding an Oil Processing Business License.…”

Section: Policy Effectiveness In Achieving Oil Supply Targets In Ruenmentioning

confidence: 99%

The Role of Oil Fuels on the Energy Transition toward Net Zero Emissions in Indonesia: A Policy Review

Soemanto,

Mohi,

Muhammad Indra al Irsyad

et al. 2023

Evergreen

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The vision of achieving Net Zero Emissions introduces a sense of uncertainty within the oil and gas industry. Several studies have reviewed the potential contributions of the oil and gas industry to the NZE vision. However, these studies have overlooked the intricate dynamics between the oil and gas sector and its counterparts, specifically the biofuel and electric vehicle industries. Our research seeks to fill this gap by conducting a thorough review of energy policies governing transportation sector energy provision with Indonesia as a case study. The initial phase of our analysis entails assessing the continued relevance of the current oil supply targets outlined in the National Energy General Plan considering prevailing conditions. In the second stage, we engaged in purposeful discussions with a diverse array of key stakeholders to gain a nuanced understanding of the intricate dynamics inherent in energy policies. We found a consistent decline in crude oil imports since 2016, culminating in actual oil imports in 2020 that were only 40% of the anticipated imports outlined in the RUEN targets. Production from the Cepu block surpassed expectations, leading to the actual oil production from 2016 to 2020 exceeding the targets outlined in the RUEN. Indonesia also has consistently redirected its emphasis on oil exports to contribute to economic development capital. The State-owned Oil and Gas Company acquired crude oil from 80% of the 43 contractors in 2020 and distributed it within domestic markets. The escalating domestic crude oil supply, stemming from heightened oil production and constraints on oil exports, underscores the imperative for additional oil refinery capacity. In addition, Indonesia has implemented programs to develop biofuels and electric vehicles. Implementing these measures is crucial for adapting to shifts in the energy landscape and ensuring the sustainability and security of the energy supply for the transportation sector.

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Indonesia and OPEC: why does Indonesia maintain its distance?

Cited by 5 publications

References 8 publications

Indonesia’s Energy Relations with the Gulf Cooperation Council Countries: Drivers and Progresses

Indonesia’s Energy Relations with the Gulf Cooperation Council Countries: Drivers and Progresses

Peramalan Konsumsi Dan Produksi Minyak Menggunakan Model Arima Di Indonesia

The Role of Oil Fuels on the Energy Transition toward Net Zero Emissions in Indonesia: A Policy Review

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