Caltex reaffirms Rp17t in fees to govt<\/p>\n
JAKARTA (JP): The Indonesian government received a total of
\nUS$2.06 billion or Rp 17 trillion in taxes and oil production
\nshare from PT Caltex Pacific Indonesia in 1998 and not Rp 6.2
\ntrillion, as claimed by Minister of Finance Bambang Subianto, the
\nAmerican oil contractor reaffirmed on Thursday.<\/p>\n
Caltex's vice president Robert Brail reaffirmed the amount at
\na meeting with Riau legislators, officials and students in
\nPekanbaru who asked for further clarification about the
\ncontroversy over the different figures.<\/p>\n
Riau legislators and officials were surprised upon hearing at
\na meeting in Jakarta with minister Bambang on April 21 that the
\ngovernment received only Rp 6.24 trillion in oil receipts from
\nmining contractors in Riau.<\/p>\n
"The figure mentioned by the finance minister was
\nunbelievable because Caltex alone paid Rp 17 trillion, while
\nthere are several other oil mining contractors operating in
\nRiau," Chairuddin Mustafa, vice speaker of the Riau legislative
\ncouncil, was quoted by Antara news agency as saying.<\/p>\n
Brail explained that Caltex, Indonesia's largest oil producer,
\npumped up 760,000 barrels of oil a day in 1998.<\/p>\n
As its daily production cost amounted to the equivalent of
\n80,000 barrels, 680,000 barrels remained to be divided between
\nthe government and Caltex on the basis of the 76:24 production
\nsharing ratio.<\/p>\n
"But we had still to transfer to the government (finance
\nministry) about half of our 24 percent production share in income
\nand dividend tax payments," the Caltex executive said.<\/p>\n
Hence, he added, the government's take of Caltex's oil
\nproduction actually amounted to 88 percent.<\/p>\n
Brail said Caltex handed to the government a total of 157.6
\nmillion barrels of crude oil in 1998.<\/p>\n
"Calculated on the basis of the government-set average oil
\nprice in 1998, government receipts from Caltex in that year
\ntotaled $2.06 billion or Rp 17 trillion, including income and
\ndividend taxes," Brail added.<\/p>\n
Caltex's vice president for general affairs Tengku Amir
\nSulaiman denied the allegation that his company had colluded with
\nPertamina in relation to the different figures.<\/p>\n
Mustafa said after the meeting that a Riau delegation would
\nsoon meet with executives of state-owned oil company Pertamina to
\nclarify the controversy.<\/p>\n
Pertamina is in charge of marketing the government's take of
\ncontractors' oil production. (vin)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/caltex-reaffirms-rp17t-in-fees-to-govt-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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