Indonesia is important to world energy markets because of its OPEC membership and substantial, but declining, oil production. Indonesia also is the world’s largest liquefied natural gas (LNG) exporter. The information contained in this report is the best available as of April 2003, and can change.

Indonesia is important to world energy markets because of its OPEC membership
and substantial, but declining, oil production. Indonesia also is the world’s
largest liquefied natural gas (LNG) exporter. The information contained in this
report is the best available as of April 2003, and can change.

Sources for this report include : AFX Asia; Agence France Presse; Antara; APS
Review Oil Market Trends; CIA World Factbook 2002; Dow Jones News Wire service;
Economist Intelligence Unit ViewsWire; Financial Times; Global Insight World
Overview; Oil & Gas Journal; Petroleum Intelligence Weekly; Platt’s International
Coal Report; Platt’s Oilgram News; Reuters News Wire; U.S. Energy Information
Administration; U.S. Department of State; World Gas Intelligence.

COUNTRY OVERVIEW

President : Megawati Sukarnoputri (since July 2001)
Independence : Proclaimed independence on August 17, 1945. On December
27, 1949, Indonesia became independent from the Netherlands. Population
(2002E) : 231.3 million
Location/Size : Southeastern Asia/735,310 sq. mi., slightly less than
three times the size of Texas
Major Cities : Jakarta (capital), Surabaya, Bandung, Medan, Semarang,
Palembang, Ujung Pandang
Languages : Bahasa Indonesia (official), English, Dutch, local dialects
including Javanese
Ethnic Groups : Javanese (45%), Sundanese (14%), Madurese (7.5%), coastal
Malays (7.5%), other (26%)
Religions : Muslim (88%), Protestant (5%), Roman Catholic (3%), Hindu
(2%), Buddhist 1%), other (1%)

ECONOMIC OVERVIEW

Minister for Economic Affairs : Kuntjoro-Jakti Dorodjatun
Currency : Rupiah
Exchange Rate (3/24/03) : US = 8,950 rupiah
Gross Domestic Product (2002E) : 1.9 billion (2003E) : 3.1 billion
Real GDP Growth Rate (2002E) : 3.7% (2003E) : 3.8%
Inflation Rate (Consumer Price Index) (2002E) : 11.9% (2003E) : 7.7%
Merchandise Exports (2002E) : 57.0 billion
Merchandise Imports (2002E)  : 31.2 billion
Merchandise Trade Balance (2002E)  : 25.8 billion
Major Export Products Manufactured goods, petroleum, natural gas and related
products, foodstuffs, raw materials
Major Import Products Capital equipment, raw and intermediate materials, consumer
goods, petroleum products
Major Trading Partners Japan, United States, Singapore, Hong Kong,
Britain, Australia

ENERGY OVERVIEW

Energy Minister : Purnomo Yusgiantoro
Proven Oil Reserves (1/1/03E) : 5.0 billion barrels
Oil Production (2002E) : 1.3 million barrels per day (bbl/d), of which 1.1 million
bbl/d was crude oil
OPEC Production Quota (since 2/1/03) : 1.27 million bbl/d
Oil Consumption (2002E) : 1.0 million bbl/d
Net Oil Exports (2002E) : 305,000 bbl/d
Major Oil Customers : Japan, United States, South Korea, China,
Australia, Taiwan, Singapore, Thailand
Crude Oil Refining Capacity (1/1/03E)  : 992,745 bbl/d
Natural Gas Reserves (1/1/03E)  : 92.5 trillion cubic feet (tcf)
Natural Gas Production (2001E) 2.44 trillion cubic feet (tcf)
Natural Gas Consumption (2001E) 1.28 tcf
Net Gas Exports (2001E) : 1.16 Tcf
Major LNG Customers (2002) : Japan, South Korea, Taiwan
Coal Reserves (12/31/01) : 5.92 billion short tons of recoverable reserves
of which 85% is lignite and 15% is anthracite
Coal Production (2001E) : 99.6 million short tons (Mmst)
Coal Consumption (2001E) : : 39.0 Mmst
Net Coal Exports (2001E) : 60.6 Mmst
Major Coal Customers (2001) : Japan, Taiwan, South Korea, the Philippines
Electric Generation Capacity (1/1/01E) : 21.4 gigawatts
Electricity Production (2001E) : 95.8 billion kilowatt hours
Electricity Consumption (2001E) : 89.1 billion kilowatt hours

ENVIRONMENTAL OVERVIEW

Total Energy Consumption (2001E) : 4.63 quadrillion Btu* (1.1% of world total
energy consumption)
Energy-Related Carbon Emissions (2001E) : 87.13 million metric tons of carbon (1.3% of world total
carbon emissions)
Per Capita Energy Consumption (2001E) : 21.5 million Btu (vs U.S. value of 341.8 million Btu)
Per Capita Carbon Emissions (2001E) : 0.41 metric tons of carbon (vs U.S. value of 5.5 metric
tons of carbon)
Energy Intensity (2001E) : 21,441 Btu/ $1995 (vs. U.S. value of 10,736 Btu/ $1995)
Carbon Intensity (2001E) : : 0.40 metric tons of carbon/thousand $1995 (vs. U.S. value
of 0.17 metric tons/thousand $1995)
Fuel Share of Energy Consumption (2001E) : Oil (46.9%), Natural Gas (30%), Coal (19.7%)
Fuel Share of Carbon Emissions (2001E)  : Oil (48%), Natural Gas (26.1%), Coal (25.9%)
Status in Climate Change Negotiations  : Non-Annex I country under the United
Nations Framework Convention on Climate Change (ratified August 23rd, 1994).
Signatory to the Kyoto Protocol (signed July 13th, 1998 – not yet ratified).
Major Environmental Issues Deforestation; water pollution from
industrial wastes, sewage; air pollution in urban areas.
Major International Environmental Agreements A party to Conventions on Biodiversity, Climate Change,
Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban,
Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber
94 and Wetlands. Has signed, but not ratified, Desertification and Marine
Life Conservation.

* The total energy consumption statistic includes petroleum,
dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and
waste electric power. The renewable energy consumption statistic is based on
International Energy Agency (IEA) data and includes hydropower, solar, wind,
tide, geothermal, solid biomass and animal products, biomass gas and liquids,
industrial and municipal wastes. Sectoral shares of energy consumption and carbon
emissions are also based on IEA data.
**GDP based on EIA International Energy Annual 2001

OIL AND GAS INDUSTRIES

Organizations : : Perusahaan Pertambangan Minyak dan Gas Bumi
Negara (Pertamina) – oil exploration, production, transportation, and marketing;

Perum Gas Negara (PGN) – gas distributor and transmission company
Major Producing Oil Fields : Duri, Minas, Belida, Ardjuna, Arun, KG/KRA, Widuri, Nilam,
Attaka
Oil Refineries (1/1/03) : Cilacap, Central Java (380,000);
Pertamina- Balikpapan, Kalimantan (240,920);
Musi, South Sumatra (109,155);
EXOR-1, Balongan, Java (125,000);
Dumai, Central Sumatra (114,000);
Sungai Pakning, Central Sumatra (47,500);
Pangkalan Brandan, North Sumatra (4,750);
Cepu, Central Java (3,420)
Product Pipelines : Trans-Java (serving the Surabaya market)
Oil Tanker Terminals : Java: Cilegon, Cilacap, Surabaya, Ardjuna B (offshore)

Sumatra: Pangkalan Brandan, Belawan, Dumai, Musi, Perlak, Palembang, Tanjung
Uban (offshore)
Kalimantan: Balikpapan
Sulawesi: Ujung Pandang
Irian Jaya: Sorong, Jaya
Seram: Bula
Natuna Sea: Ikan Pari
Major Gas Fields : Sumatra: Arun, Alur Siwah, Kuala Langsa, Musi, South
Lho Sukon, Wampu
East Kalimantan: Attaka, Badak, Bekapai, Handil, Mutiara, Nilam, Semberah,
Tunu
Natuna Sea: Natuna
Java: Pagerungan, Terang/Sirasun
Irian Jaya: Tangguh
Major Gas Pipelines : Sumatra: Pangkalan Brandan-Dumai
LNG Plants  : Arun, Bontang