Wednesday, 19 February 2020

Oil Prices Down, Indonesian Oil, Gas Export Increases

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  • Bongkar muat CPO di pelabuhan Tanjung Priok, Jakarta, Kamis (23/10). Pemerintah menerapkan kebijakan penurunan tarif pungutan ekspor minyak kelapa sawit mentah dari 7,5 persen menjadi 2,5 persen. TEMPO/Puspa Perwitasari

    Bongkar muat CPO di pelabuhan Tanjung Priok, Jakarta, Kamis (23/10). Pemerintah menerapkan kebijakan penurunan tarif pungutan ekspor minyak kelapa sawit mentah dari 7,5 persen menjadi 2,5 persen. TEMPO/Puspa Perwitasari

    TEMPO.CO, Jakarta - Central Bureau of Statistics Chief Suryamin announced that the increase of oil and gas export in August 2015 is caused by the increase in crude oil export of 45.01 percent to $620.5 million.

    Of that amount, Suryamin said, oil export is up by 12.69 percent to $141.8 million while gas export is down by 11.45 percent.  “Although oil export is up, there is still a decline from gas export,” Suryamin said on Tuesday, Sept 15.

    The volume of oil and gas export in August 2015 towards July 2015 for crude oil is up by 42 percent and oil output up by 27.58 percent. However, Indonesia’s crude oil price in the world market is down by $51.82 per barrel on July 2015 to $42.81 per barrel on August 2015.

    Overall, Indonesia’s export value in August 2015 reached $12.70 billion.  The value is increased  by 10.79 percent compared to July 2015. However, if compared to August 2014, export value is down by 5.99 percent.

    The increase in August 2015 export is prompted by the increase of oil and gas export of 7.76 percent from $1.42 billion to $1.53 billion.  Non-oil export is also up by 11.23 percent from $10.044 billion to $11.172 billion.

    MAYA AYU