The Energy and Mineral Resources (ESDM) Ministry repealed 22 further regulations that are considered no longer relevant, as well as regulations that are hampering investment in the energy and mining sector. Minister for Energy and Mineral Resources Ignasius Jonan said on Monday (Feb 12) that as many as 51 regulations have been slimmed down to 29 regulations. 10 regulations in oil & gas sector are simplified to seven, two regulations in electricity are combined into one, six regulations in mining cut to 1, six regulations in new & renewable energy are reduced to 2 and 27 rules in Special Task Force for Upstream Oil & Gas are refined into just 18 regulations.

Last week, the Ministry also repealed 32 regulations. With Monday’s decision, so far, ESDM Ministry has revoked 54 regulations – consisting of ministerial decrees, stipulations and permits. Minister Jonan said he hopes the decision will encourage more investment in this sector, which is targeted to reach more than US$50 billion, or double the investment in 2017. Last year, total investment in oil, gas and mining sector reached $26 billion.