Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   Energy  >>   Transparency in Indo oil, gas sector
NEWS UPDATES Asean Affairs        2 February 2011

Transparency in Indo oil, gas sector

Related Stories

January 22, 2011
Indonesian utility questions power cap

January 20, 2011
Indonesian coal producer sees banner year

January 19, 2011
Sasol Withdraws From $10 Billion Project in Indonesia

January 15, 2011
Indo minister seeks coal price deal

Eight major oil and gas companies are on the list for Indonesia's premier Extractive Industries Transparency Initiative (EITI) reports, expected to be launched in October 2011.

Supported by the World Bank, the EITI aims at encouraging transparency in regards to state revenues from extractive industries. It has been so far implemented in 33 resource-rich countries and Indonesia is currently one of the EITI candidates.

Maryati Abdullah, member of the Indonesia EITI Transparency supervisory team, told the press here Tuesday that Indonesia was targeting to launch its first EITI reports in October this year as a mean of becoming an EITI-compliant country.

"We're targeting between seven and eight major oil and gas companies to be the subjects of the first round of EITI reports," she said.

Among the companies are ChevronTexaco, Petrochina, Total and two subsidiaries of state-owned oil and gas company PT Pertamina, Maryati said, adding that other are CNOOC, ConocoPhillips and ExxonMobil.

Maryati explained each company would be required to provide data regarding taxes and other payments submitted to the state for some of their major oil and gas blocks, while the government would be required to provide data regarding the nominals they received from the companies.

"We will hire an independent auditor to verify the data," she said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    2  February 2011 Subsribe Now !
• Asean economies may overheat
Subcribe: Asean Affairs Global Magazine
• Asean exchanges study trading link Asean Affairs Premium
• Two Thais found guilty by Cambodian court
• Transparency in Indo oil, gas sector
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• China biggest deficit creator to Indonesia
• Philippines sugar prices remain high
• TOT compensations claims depress Thai telecoms
• Private air carriers do not take off in Vietnam
Asean Analysis    2 February 2011 Advertise Your Brand
• Indonesia and inflation Sponsor Our Events
Asean Stock Watch    2 February 2011
• ASEAN to Rally
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand