ID :
14016
Sun, 07/27/2008 - 20:59
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http://m.oananews.org//node/14016
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INQUIRY COMMITTEE ASKED TO INVESTIGATE CRUDE PROCUREMENT
Jakarta, July 27 (ANTARA) - The Special Fuel Oil Inquiry Committee of the House of Representatives (DPR) was urged on Sunday to investigate the propriety of domestic crude transactions.
Executive Director of ReforMiner Institute Pri Agung Rakhmanto said on Sunday that the inquiry committee must look comprehensively at the procurement of crude, both domestic purchase and imports.
"If it is really serious, the committee now remains a step away of its investigation because it would not face too much difficulties in proving irregularities taking place in the crude procurement," he said.
The House of Representatives' plenary meeting last June 24, 2008, had agreed to use its inquiry right on the government's policy to increase fuel oil prices by an average of 28.7 percent.
For this purpose, the House early this month formed an inquiry committee consisting of 50 legislators from all political party factions.
Deputy Inquiry Committee Chairman Sutan Bhatoegana promised the committee would work professionally and look at the problem comprehensively.
He said that the committee would summon all parties-- companies and institutions-- involved in the fuel oil price hikes.
Data reported by state-owed oil company Pertamina to a hearing with the DPR's Energy Commission on June 25, 2008, showed that domestic crude procurement reached 65 percent while its imports were 35 percent, which consisted of 68 percent long-term contracts and 32 percent were spot (incidental) contracts.
In 2007, Peramina purchased 855,000 barrels per day of crude to meet the need of its refineries. It consisted of 534,0400 barrels per day of domestic purchase worth US$13.877 trillion and 320,960 barrels per day of imports valued at US$8.729 trillion.
Of the imports, 218,250 barrels per day , or 68 percent, were purchased through long term contracts while 102,710 barrels per day were bought through spot contracts.
Executive Director of ReforMiner Institute Pri Agung Rakhmanto said on Sunday that the inquiry committee must look comprehensively at the procurement of crude, both domestic purchase and imports.
"If it is really serious, the committee now remains a step away of its investigation because it would not face too much difficulties in proving irregularities taking place in the crude procurement," he said.
The House of Representatives' plenary meeting last June 24, 2008, had agreed to use its inquiry right on the government's policy to increase fuel oil prices by an average of 28.7 percent.
For this purpose, the House early this month formed an inquiry committee consisting of 50 legislators from all political party factions.
Deputy Inquiry Committee Chairman Sutan Bhatoegana promised the committee would work professionally and look at the problem comprehensively.
He said that the committee would summon all parties-- companies and institutions-- involved in the fuel oil price hikes.
Data reported by state-owed oil company Pertamina to a hearing with the DPR's Energy Commission on June 25, 2008, showed that domestic crude procurement reached 65 percent while its imports were 35 percent, which consisted of 68 percent long-term contracts and 32 percent were spot (incidental) contracts.
In 2007, Peramina purchased 855,000 barrels per day of crude to meet the need of its refineries. It consisted of 534,0400 barrels per day of domestic purchase worth US$13.877 trillion and 320,960 barrels per day of imports valued at US$8.729 trillion.
Of the imports, 218,250 barrels per day , or 68 percent, were purchased through long term contracts while 102,710 barrels per day were bought through spot contracts.
