Global Oil Price Declines, State Income to Slump

Annisa ayu artanti    •    Rabu, 23 Dec 2015 11:35 WIB
oil and gas
Global Oil Price Declines, State Income to Slump
Photo caption: Oil illustration. PHOTO: Reuters Lucy Nicholson., Jakarta: The Ministry Energy and Mineral Resources (ESDM) recorded that the state income is to decline following the decreasing global oil price.

Minister of ESDM Sudirman Said explained that in the Revised State Budget (APBN-P), the oil price is stated at US$60 per barrel. Meanwhile the world oil price currently is at its lowest, reaching US$34 per barrel.

"The state income, with the assumption of US$60 per barrel, with this condition will surely decline," mentioned Sudirman at a press conference in the Directorate Genera of Electricity Power Office, Jalan HR Rasun said, Jakarta, Tuesday (12/22/2015).

Related to the issue, Sudirman mentioned his party is to discuss with the Minister of Finance, Bambang Brodjonegoro. It is conducted to ensure that all challenges related to global oil price may still be conducted normally, such as the investments in the upstream sectors.

"It has been anticipated and we will sit with the Finance Minister. For me, as the caretaker of the sector, the challenge is to keep the upstream investment flowing in," he mentioned.

Sudirman explained that the anticipation is conducted as the effect of the global oil price decline, even only by a dollar per barrel, will affect much of the state income. He thinks it will struck the state fiscal.

"It is true to push the fiscal number, there are the calculation that every dollar decline, there will be an effect," he concluded.


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