Indonesia logs US$1.5 Billion local content in oil, gas
Jakarta, May 21 -- The Energy and Mineral Resources (ESDM) Ministry recorded a US$1.5 billion domestic component level (TKDN) commitment in Indonesia's upstream oil and gas industry as of April 2026.
The figure reflects the combined commitment for the procurement of goods and services in the oil and gas sector, which reached 62.95 percent of the total combined cost component valued at US$2.38 billion, according to Secretary of the Directorate General of Oil and Gas, Muhammad Rizwi Jilanisaf Hisjam.
"If we look more specifically, the procurement of goods contributes 45.74 percent to the domestic component level, while the procurement of services contributes a higher 69.42 percent," Rizwi said during a meeting with Commission XII of the H...
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