Open AccessDEMOCRATIZATION OF NATURAL OIL AND GAS NATURAL RESOURCES MANAGEMENT FOR PEOPLE'S WELFARE
Author(s) -
Ismail Rumadan
Publication year - 2020
Publication title -
untag law review
Language(s) - English
Resource type - Journals
ISSN - 2549-4910
DOI - 10.36356/ulrev.v4i1.1524
Subject(s) - prosperity , natural resource , democratization , natural gas , commodity , natural resource economics , welfare , natural resource management , business , economics , market economy , economic growth , political science , democracy , engineering , waste management , law , politics
Oil and Gas is one of the natural resources (non-renewable) strategic nonrenewable controlled by the state and a vital commodity that dominate the lives of many people and has an important role in the national economy must be managed optimally provide prosperity and welfare for the people. However, the fact is that oil and gas management has not provided maximum benefit for the welfare of the community's life, due to the management of oil and gas resources which only emphasizes the dredging element without accompanied by protection of community rights as well as countermeasures against the negative impacts of oil and gas activities for the surrounding community. The thing that must be done is to restore the people's sovereignty over oil and gas natural resources by rearranging the management of oil and natural gas by giving more portions to State-Owned Enterprises to manage oil and gas natural resources for the welfare of the people.