Proceedings of the International Conference On Law, Economic & Good Governance (IC-LAW 2023)

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Reconstruction of 10% Interest Participation Management Based on the Economic Democracy System

Authors
Alfian Nur Salsabila1, *, I Gusti Ayu Ketut Rachmi Handayani2, Lego Karjoko3
1Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia, Jalan Ir. Sutami 36 Kentingan, Jebres, Surakarta, Jawa Tengah, Indonesia, 57126
2Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia, Jalan Ir. Sutami 36 Kentingan, Jebres, Surakarta, Jawa Tengah, Indonesia, 57126
3Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia, Jalan Ir. Sutami 36 Kentingan, Jebres, Surakarta, Jawa Tengah, Indonesia, 57126
*Corresponding author. Email: alfiannursalsabila@gmail.com
Corresponding Author
Alfian Nur Salsabila
Available Online 22 February 2024.
DOI
10.2991/978-2-38476-218-7_61How to use a DOI?
Keywords
—Reconstruction; Interest Participation; Management; Economic Democracy System
Abstract

This research aims to identify the arrangements and reconstruction of the management of 10% interest participation in the oil and gas sector. The formulation of the problem studied is how to reconstruct the management of interest participation in the oil and natural gas sector by regionally owned business entities (BUMD) that is fair and in line with the economic democracy system. The research method used a normative legal research. The results of the research show that the current regulation regarding the management of 10% interest participation has not been implemented optimally and comprehensively, so that by reconstructing the management of interest participation to be more integrative and in line with the economic democracy system, it will have positive implications for regions where exploration and exploitation activities have been carried out. Reconstruction of the management of interest participation will be more equitable for oil and gas producing regions and prioritize joint efforts based on the principle of kinship for the prosperity of the people.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference On Law, Economic & Good Governance (IC-LAW 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 February 2024
ISBN
978-2-38476-218-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-218-7_61How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Alfian Nur Salsabila
AU  - I Gusti Ayu Ketut Rachmi Handayani
AU  - Lego Karjoko
PY  - 2024
DA  - 2024/02/22
TI  - Reconstruction of 10% Interest Participation Management Based on the Economic Democracy System
BT  - Proceedings of the International Conference On Law, Economic & Good Governance (IC-LAW 2023)
PB  - Atlantis Press
SP  - 364
EP  - 369
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-218-7_61
DO  - 10.2991/978-2-38476-218-7_61
ID  - Salsabila2024
ER  -