PETROLEUM
REPORT INDONESIA 2002-2003
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Foreword
The Embassy would like to thank the Ministry of Energy and Mineral
Resources, particularly the Directorate General of Oil and Gas (MIGAS),
for supplying statistics, without which this report would not have been
possible. The Embassy would also like to acknowledge the cooperation of
Indonesia's production sharing contractors for current data and helpful
suggestions to improve the accuracy of this report.
The intent of this report is to provide a summary of Indonesia's oil
and gas sector in an effort to assist government policy makers and
private sector companies better understand this important market. The
regional financial crisis of 1997-98, from which Indonesia is only now
recovering, highlights the importance of this sector to the Indonesian
economy.
The report does not necessarily reflect the view of the U.S.
Government. The Embassy has attempted to obtain the most accurate data
from Indonesian Government sources. However, statistics drawn from
different sources often display inconsistencies. This is the case
between several tables in the appendices. To the extent possible, we
have tried to indicate the source of the information. However, trends
can be accurately depicted by observing data within a given table. This
report uses an exchange rate of Rp 8,400 to one U.S. dollar, unless
otherwise indicated. Finally, statistics are often revised at a later
date. The Embassy plans to publish a mid-year supplement to this report,
containing end of year oil and gas data for 2003.
This Petroleum Report is issued every other year. The Embassy will
publish mid-year supplements to this report, containing final oil and
gas data from the previous calendar year. The full report is also
available on the U.S. Embassy website, www.usembassyjakarta.org.
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