Three Party Give Note to the "Cost Recovery"

Cost of oil and gas operations are charged to the state (cost recovery) amounted to 15.13 billion U.S. dollars which was decided in 2012 Revised State Budget discussion in the House of Representatives Budget Agency received a note from the three factions of the party. FP Golkar argues, costs should be only 13.5 billion U.S. dollars.

"Regarding the cost recovery amounting to 15.13 billion U.S. dollars, a fraction giving notes. FP Golkar believes that the amount of cost recovery of 13.5 billion dollars," said House Budget Chairman, Mark Melchias Mekeng, in his presentation at the plenary session of Parliament, Friday (3/30/2012).

Golkar is asking the oil and gas revenues of Rp 278 trillion to government records are required to apply the principle of cost recovery ratio of the gross revenue less for years to come.

Meanwhile, the PDI-P FP requested amount covery cost of 14.1 billion U.S. dollars and oil revenues amounting to Rp 274 trillion with a record decline in cost recovery will not reduce oil and gas exploration activities.

"Gerindra Party argues, cost recovery of 13.5 billion U.S. dollars and oil revenues amounting to Rp 274 trillion to government records requested convey the simulation of the component cost recovery fees," said Melchias.