Oil and gas exports deal no longer belong to foreign banks

Oil and gas Cooperation Unit (oil & gas SKK) Bank Negara Indonesia as pointing to the trustee and agency payments for natural gas sales contracts are liquid (liquefied natural gas/LNG) and LPG (liquefied petroleum gas/LPG) in Mahakam block, East Kalimantan.

This move as a form of support for the Fund's rules regarding export results of BI (DHE) and exploit the trust of domestic banking.

With this appointment, payments from the sale contract-contact gas in Mahakam block is paid to the seller's account at BNI.

"The value of estimated gas sale proceeds were approximately USD 18 billion for a period of 10 years," said the head of the oil & gas Rubiandini SKK in SKK Office Kamran oil & gas, Monday (25/2).

Rudi said, this partnership is a milestone in empowering the national banking industry oil & gas upstream. BNI becomes the first Government bank pioneers entered the business services and payment agent of the trustee.

SKK hope, belief that oil and gas have been shown by Pertamina, Total and Inpex E&P Onesie, followed by oil and gas contractor-contractor.

"National banking has proven his ability. There be no doubt, "said Rudi.

Before the transaction, especially LNG, always use a foreign bank. When it was his national banks in Indonesia are not able and not likely to be trustee and agency payments.

"Finally the paradigm can be changed. This is indeed a new beginning before more use of foreign banking, "imbuh Rudi.

SKK achievement has not stopped oil and gas expects only up to the extent of the trustee and the agent payments. The involvement of the national banking should be optimal in the upstream oil and gas business. All can be done the national banking, oil and gas require it be SKK priorities.

"Five to 10 years to come, the national banking must be financed entirely in oil & gas upstream investment," stated Rudi.

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