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Cost Recovery 2000-2016
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The 2016 Revised State Budget (APBN-P) targets US$8 billion in cost recovery for oil and gas operational expenses. This figure is a 30 percent decrease from the US$11.4 billion agreed upon in the 2016 State Budget. The reduction reflects the current lower oil prices.
Previously, the cost recovery funding for upstream oil and gas investment had steadily increased, peaking in 2014. Subsequently, a gradual decrease was implemented. In 2015, cost recovery amounted to US$13.7 billion, a 16 percent decrease compared to the previous year.
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