Indonesia

Candidate country Country website not yet available With the largest economy in south East Asia, Indonesia is an emerging market member of the G20. Indonesia’s economy continues to grow as its monetary currency (the Rupiah) remains stable and the country’s total export is expected to rise 16% from 2009. Overview of Extractive Industries Indonesia is a resource rich country both in hydrocarbons and mining. Oil production has substantially declined in the last 15 years from its peak of 1.5 million barrels a day in 1996 down to 1 million barrels a day in 2009. Due to this decline in production and a rapid increase in domestic consumption, Indonesia became a net importer of oil in May 2008. Subsequently, it suspended its membership to the Organization of Petroleum Exporting Countries (OPEC) in January 2009. Indonesia had 4.4 billion barrels of oil proven reserves at the end of 2009, and Oil and gas exports accounted for 16.3% of total exports. The mining sector, on the other hand, has been expanding rapidly in the last 10 years with the increase of its copper, nickel, gold, and coal production in addition to its traditional mineral production centered on bauxite, silver, and tin. Indonesia has the world’s largest market of tin with 20% of global supply. Mineral products accounts for 12% of total exports in 2009. Status of EITI implementation The EITI Board designated Indonesia as an EITI Candidate country on 19 October 2010. In accordance with the transitional procedures agreed by the Board, Indonesia must complete EITI Validation by 18 April 2013. Indonesia announced its intent of implementing the EITI in 2009. More information will be available on this page shortly. For further information about the EITI implementation in Indonesia, contact Regional Director Sam Bartlett at the EITI International Secretariat.

As we approach half-way through 2010, it is proving to be as momentous for the EITI as expected. Although most of the 22 first EITI countries did not complete the validation of their EITI processes by their deadlines, eyes are now turned towards those granted short extensions to complete by September. Countries’ efforts to meet the deadlines have led to an unprecedented level of activity to improve transparency in the extractives sector. In the past 12 months, 18 countries have produced EITI Reports. File:  EITI-Newsletter-2010-July.pdf

The Government of Indonesia has announced its intention to work towards EITI compliance and to make an application to become an EITI candidate.