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Senin, 11 April 2011

Oil and gas: Exemption on cabotage law is officially effective - Mandiri

􀂄 Government of Indonesia has finally issued regulations on exemptions from Indonesian cabotage law for six oil and gas related activities of foreignflagged vessels, as reported by Jakarta Globe. Foreign vessels that perform surveys, drilling, offshore construction, offshore activities, dredging work, salvage jobs and underwater activities for the oil and gas sector will be exempted from cabotage law.

􀂄 We see that this signing showed government commitment to support oil and gas production nationwide, which is now more focused on offshore drilling, since if the cabotage law is applied to oil and gas related vessels, it may hamper oil and gas production and erode Indonesia’s billions of dollars foreign investment
Posted by Saham Pilihan at 12.48

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