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Overview of Extractive Resources Management in Indonesia

In: Sovereign Wealth Funds, Local Content Policies and CSR

Author

Listed:
  • Rivana Mezaya

    (Bandung Institute of Technology)

  • Yudo Anggoro

    (Bandung Institute of Technology)

  • Wisnu Jaluakbar

    (SKK Migas, Taskforce of Upstream Oil and Gas Business Activities)

  • Wulan Asti Rahayu

    (Bandung Institute of Technology)

Abstract

Since the first drill that struck oil in 1884, the extractive industry has been the key contributor to the Indonesian economy. Being blessed with natural resources, the Indonesian Constitution strictly mandates these resources to be used for the welfare of the people with the Government acting as the representative of the people, placed as the guardian of these natural resources. The regulatory regimes over the two main extractive sectors, oil and gas as well as minerals and coal, have experienced changes over the years. These changes correspond to the political changes that the country was experiencing, from being a newly independent nation to a reformed democracy with a focus of decentralising power.

Suggested Citation

  • Rivana Mezaya & Yudo Anggoro & Wisnu Jaluakbar & Wulan Asti Rahayu, 2021. "Overview of Extractive Resources Management in Indonesia," CSR, Sustainability, Ethics & Governance, in: Eduardo G. Pereira & Rochelle Spencer & Jonathon W. Moses (ed.), Sovereign Wealth Funds, Local Content Policies and CSR, pages 73-98, Springer.
    • Handle: RePEc:spr:csrchp:978-3-030-56092-8_4
    DOI: 10.1007/978-3-030-56092-8_4
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