President SBY : No Need to Worry, All Applicable Contract Permanent BP Migas

President SBY the responses Court verdict against BP Migas, at the Presidential Office on Wednesday (14/11) evening. (photo: abror / presidensby.info)

Jakarta: No need to worry, all agreements and contracts that have created the Executive Agency for Upstream Oil and Gas Business or BP Migas apply. "All work and activities as a form of cooperation oprasional BP Migas with investors continue to run as it should.'s No need to worry," said President Susilo Bambang Yudhoyono in a press conference following the decision of the Constitutional Court (MK) were dissolved BP Migas, in the Office of the President, Jakarta, Wednesday (14/11) evening.

In its decision on 13 November at 11.00 am, the Court assessed the presence of BP Migas has no legal provisions. President SBY see the implications this decision has created, which has raised concerns from many quarters about legal certainty and predictability of policies and regulations issued this country.

"If it is almost certainly not the business of any of the actors did not dare to undertake investments. If this is not soon I ambilalih, the issue of uncertainty could disrupt the actual investment climate today is in better condition," Yudhoyono said.

The President said that the issue is very sensitive, vulnerable, and easily lead to uncertainty in our country. "So the government obey the Court's decision to run had to implement rapid action, and regulation was issued because there should not be a single day of a vacuum," the President said.

President also explained that the demand for the production of domestic oil and natural gas continue to rise. "Going forward, the government will continue to increase the production capacity of oil and gas, especially gas," said the Head of State.

"The solution we tingakatkan ekspolarsi oil and gas, the investment should be good, it must be clear rules and who manage," the President added.

On this occasion, the President also invited investors from within the country to invest in various fields, in this case oil and gas, "Come to invest in our own country, because if not, certainly the economic power will not grow very well," said President .

"The time has come to increase investment in the country, we've got MP3EI. I invite SOEs and private, national and local, come build the economy in this country," Yudhoyono told.

At the end of his speech, the President reiterated there should be no anxiety over the dissolution of BP Migas. "I hope all those who are anxious and considers no more certainty in the investment climate in this country, I say do not like it," the President stressed. (Source: www.presidenri.go.id)