At a glance
- On June 5, 2025, IBC convened a Business Talk on attracting greater investment in Indonesia’s oil and gas industry through competitive fiscal incentives.
- The session, featuring senior government officials and industry leaders, examined strategies to boost domestic output and ensure long-term energy security.
- Discussions highlighted key reform opportunities, including revised gross split schemes, stronger CCS/CCUS support, targeted tax incentives, and regulatory streaming.
On June 5, 2025, the Indonesian Business Council (IBC) convened a high-level Business Talk to discuss how Indonesia can attract greater investments in its oil and gas industry through competitive fiscal incentives. The session featured Febrio Kacaribu, Director General of Fiscal and Economic Strategy at the Ministry of Finance; Ariana Soemanto, Director of Upstream Oil and Gas Business Development at the Ministry of Energy and Mienral Resources; and Kurnia Chairi, Deputy for Finance and Commercialization at SKK Migas. The discussion was moderated by Juchiro Tampi, President Director of Sele Raya Belida. Their discussion emphasized the urgency of boosting domestic output and ensuring long-term energy security to overcome Indonesia’s continued reliance on oil imports.
Key reform opportunities to boost the oil and gas industry were explored, including:
- Revised gross split schemes
- Enhanced cost recovery for Carbon Capture Storage (CCS) and Carbon Capture, Utilization and Storage (CCUS)
- Targeted tax incentives to reduce project risks and improve investment returns
- Regulatory streamlining
- Macroeconomic stability
- Inter-agency coordination
IBC remains committed to advocating for consistent policy signals and regulatory clarity not only in oil and gas but in Indonesia’s other core sectors to strengthen Indonesia’s economic competitiveness internationally.