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 .79 million barrels a day in 2014, according to reglator SKK Migas. Due to this decline in production and a rapid increase in domestic consumption, Indonesia is now a net importer of oil.
The mining sector, on the other hand, has been expanding rapidly in the last decade. According to the World Bank, total mineral export value more than tripled from US $3 billion to US $11.2 billion between 2001 and 2013, driven by historically high commodity prices and increasing production. Mineral exports constituted 6.2 % of total exports in 2013 with copper, nickel, tin, iron and bauxite the largest contributors (World Bank, March 2014).
The MSG has begun preparations for the 2012 and 2013 EITI Reports including a scoping study. It is expected that these reports will be finalised by mid-2015. The extension request for the 31 December 2014 deadline for the said reports, submitted to the EITI Board in December 2014, was declined. Thus Indonesia was suspended on 26 February 2015 due to missing the reporting deadline.
Indonesia published its second EITI Report in June 2014 covering financial years 2010 and 2011. The report includes detailed information about Indonesia's large extractive sector, such as project-level reporting, information about revenues transferred from the central government to provinces and districts, and information about volumes sold and revenues received from Indonesia's share of oil production.
The second Indonesian EITI report provides information on:
- the fiscal regime applicable to the extractive industry sectors;
- payments and revenues broken down in individual revenue streams, company by company and project by project;
- information about how much oil was allocated to the national government as part of the production sharing agreements; and
- information about where companies operate and the size of their financial contribution to the government.
- Explore the data in EITI Indonesia's latest report with this interactive map developed by EITI Indonesia >