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Indonesia’s First EITI Report Released

TEMPO.CO, Jakarta – The First Extractive Industries Transparency Initiative (EITI) Report by Indonesia, which compares revenues reported to have been paid to the government by nearly all oil, gas, mineral and coal companies operating in the country with those received by the government, shows that in 2009, after certain deductions, the government collected US$24.2 billion (Rp251 trillion at Rp10,400 per US$), said a report released by the EITI Indonesia Office. Although the overall contribution of the oil and gas sector to public revenues has long been public information, the EITI report shows the exact contribution of each oil and gas ... Read More »