Home Blog Licensing Procedures for Imports and Exports of Oil, Gas and Other Fuels in Indonesia Business Licenses | Business Setup Licensing Procedures for Imports and Exports of Oil, Gas and Other Fuels in Indonesia InCorp Editorial Team 11 July 2019 4 minutes reading time Table of Contents The Implementation of Regulation 21/2019 Getting Your Business License in Indonesia with Cekindo PwC reported that Indonesia has the sixth largest coal bed methane reserves in the world at 453 trillion cubic feet with shale gas reserves estimated at 574 trillion cubic feet. In addition, according to the BP Statistical Review of World Energy 2018, the natural gas reserves in Indonesia were recorded at 102.9 trillion cubic feet. Gas production in Indonesia has reached 68 billion m3, contributing to 60% of the country’s total oil and gas production. In order to improve the control over exports and imports of oil, gas and other fuels in Indonesia, as well as to simplify the business license process in Indonesia, the Regulation No. 21 of 2019 on Export and Import Provisions for Oil, Gas and Other Fuels has been issued by the Minister of Trade. This newly enacted regulation will replace the Regulation of the Minister No. 03/M-DAG/PER/1/2015. The Implementation of Regulation 21/2019 Generally, Regulation 21/2019 covers issues with regard to securing relevant imports and exports licenses for oil, gas, and other fuels in Indonesia: Scope of exported and imported fuels Oil, gas and other fuels exports requirements and procedures Oil, gas and other fuels imports requirements and procedures Scope of Exported and Imported Fuels Types of imported and exported oils, gas, and other fuels for exports and imports that are included in the Regulation 21/2019 are stated in the following: Oil Oil with HS Code 27.09. It includes petroleum oils with its derivation from minerals that contain raw bitumen Oil with HS Code 27.10. It includes petroleum oils deriving from minerals that contains non-raw bitumen Gas Gas with HS Code 27.11. It includes petroleum gas and other hydrocarbon gas Gas with HS Code 29.09. It includes ether, ether-phenol, and ether alcohol Other Fuels Fuel with HS Code 22.07. It includes ethyl alcohol with 80% alcohol and has not been denatured Fuel with HS Code 38.26. It includes bio-diesel and other related mixes The exports and imports of oil, gas and other fuels that are used for research purposes or as samples are exempted from the mentioned provisions. However, importers and exporters must first get approval from the Directorate General of Foreign Trade Oil, Gas and Other Fuels Exports Requirements and Procedures Exports of oil, gas and other fuels can only be carried out by the following parties, only if they have registered themselves as exporters and have secured the export approval from the Minister of Trade: Oil and Gas Business entities (Badan Usaha or BU) with upstream and downstream oil-and-gas business operations Permanent establishments (Bentuk Usaha Tetap or BUT) with upstream oil-and-gas business operations Other Fuels BU with other fuels business operations State-owned Oil and Gas Registered oil-and-gas exporters appointed by an oil-and-gas authority with export approval from the Minister of Trade New Online Mechanism for Oil, Gas, and Other Fuels Exporters Registration as Exporters Online application submission to the Directorate General Decisions will be made in 5 working days Registration certificate is issued electronically and is valid for three years Obtaining Export Approval Online application submission to the Directorate General Decisions will be made in 5 working days The validity is based on Export Recommendation Oil, Gas and Other Fuels Imports Requirements and Procedures Imports of oil, gas and other fuels can only be carried out by the following parties, only if they have secured the import approval from the Minister of Trade: Oil and Gas BU with upstream and downstream oil-and-gas business operations Direct consumers of oil, gas and other fuels Other Fuels BU with other fuels business operations Direct consumers of oil, gas and other fuels New Online Mechanism for Oil, Gas, and Other Fuels Importers Imports of oil, gas and other fuels do not require importer registration anymore. Only import approval is needed. Obtaining Import Approvals Online application submission to the Directorate General Decisions will be made in 3 working days The validity is based on Import Recommendation Getting Your Business License in Indonesia with Cekindo A good understanding of the import and export rules and regulations in Indonesia is crucial to any business. Cekindo can help simplify the process to get your business license in Indonesia for you while complying with the latest regulations on oil, gas and other fuels exports and imports. Get in touch by filling in the form below or visit our offices in Jakarta, Bali and Semarang. Read Full Bio Verified by Hotdo Nauli Senior Legal & Delivery Manager at InCorp Indonesia Hotdo heads the Legal and Delivery team at InCorp Indonesia, managing Product Registration, Legal Advisory, and Business Licensing. With over 8 years of experience, she focuses on compliance and integrity, ensuring all client operations align with Indonesian laws and regulatory standards, including contract reviews and sector-specific licenses. She is also a licensed advocate and a member of the Indonesian Advocates Association (PERADI). Frequently Asked Questions How do investors choose a holding jurisdiction for a PMA firm in Indonesia? Investors considering investments in Indonesia should assess existing International Investment Agreements between Indonesia and other countries. Having a business presence in countries with such agreements may offer incentives like stronger investment protection and higher foreign shareholding in Indonesia. Can a PMA company keep non-Rupiah bookkeeping and use a language other than Indonesian? For tax purposes in Indonesia, companies must maintain their books in Rupiah, using the Indonesian language, and store them within the country. Exceptions for using USD and English in bookkeeping require prior notification to the authorities and any use of languages other than Indonesian needs approval from the Ministry of Finance. Is having audited accounts mandatory? Audited financial statements are required for: Entities gathering funds from the public (e.g., banks, insurance companies) Entities issuing debt instruments Publicly listed companies State-owned enterprises Companies with assets and/or turnover exceeding IDR 50 billion Entities mandated by legislation Can an individual or a business organization be a shareholder in a PMA company, and is there a minimum number required? A limited liability corporation is required by Indonesian company law to have two or more shareholders, who may be either a legal entity or an individual. The foreign investor must find a second shareholder to own shares in the PMA firm for investments that are 100% open, which could be an affiliated party. Get in touch with us. 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Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind. We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials. We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website. More on Business Licenses Importer of Record In Indonesia – A Legal & Inexpensive Way To Import Read more Investing in Indonesia: Some Changes Should be Known Read more How The New Investment List Liberated Media and Telecommunications Industry in Indonesia Read more