• Macro economic targets in Draft State Budget        1
• State expenditures set at Rp 1,009 trillion in 2010        2
• Increase recorded only in defense budget        3
• Subsidies down        4
• Conclusion        5

• Current Issue        6
• Oil reserves dwindling        6
• Central Sumatra holds the largest reserves        7
• Saudi Arabia Saudi has the world largest oil reserves        8
• Explorations decline in 2008        9
• Crude oil production on the decline        10
• Lifting fluctuating        11
• Some producers report decline in production        12
• Chevron Pacific Indonesia the largest producer        12
• Profile of producers        14
• World oil production stagnant        19
• Exports falling        20
• Imports        21
• Consumption down        21
• Oil price picking up in 2009        22
• Government offers new blocks        23
• Several block nearing end of contract        24
• Prospects and Conclusion        25

• Backgrounds        26
• Oil and gas core business        26
• Financial performance        29

• Introduction        31
• Characteristics of products        31
• Processing Capacity of Refineries        33
• Profiles of refineries        34
• Production up        40
• Exports down        41
• Imports fluctuating        42
• Consumption down        43
• Transport sector the largest user        44
• Bojonegara oil refinery project        44
• Conclusion        46

• No standard required for lube oil        47
• Producers of lube oil base in Indonesia        47
• Lube oil blending plant        49
• Producers of lubricant oil cooperate with automotive producers        50
• Cooperation with workshops        51

• Introduction        52
• Subsidized oil fuel commodity        53
• Types of BBM (oil fuels) commodities        53
• Volume of subsidized BBM (oil fuels) distributed        55
• Value of BBM (oil fuels)  subsidy        55
• Developments of BBM (oil fuels) prices        56
• Distribution Subsidized oil fuels        57
• BBM (oil fuels) Distribution Facilities        63
• Pertamina remains the main player in BBM (oil fuels) distribution        66
• Competition in SPBU (gas stations) business sharper        67
• Prospects of business in BBM (oil fuels) distribution        69
• Conclusion        69

• Carbon Plus set to invest Rp1.8 trillion in HTI        70
• Mitra Rajasa acquires 22.5% of Pangansari        70
• Moratel investing US$40 million in submarine cable project        70
• Berca enters telecommunications business        71
• PLN secures a loan of Rp11 trillion        71
• Mandala operates two more units of A320 aircraft        71
• Adaro to build $52 mln power plant        72
• Foton to build car factory in Indonesia        72

• Sharia banks post 32% increase in net profit        73
• Indonesia's CPO exports down in first half of 2009        73
• Imports of optical discs liberalized        73
• Indonesian shoemakers receive larger orders        73
• Indonesian bankers calls for protection against foreign investors        74
• Foreign investors to invest US$253 million in electronic and telematics industry        74
• Direct investment up 27.2%        75
• Investment in TPT industry estimated to reach Rp980.4 billion        75

• Directory of oil Industry in Indonesia        76

• Economic Indicators        78
• Export and import        79
• Gross Domestic Product        80
• Oil Price and Foreign Exchange        81
• The Indonesian Economic Trends        82