State Control Over Natural Resources in Indonesia: Implications of the Oil and Natural Gas Law Case of 2012

2013 ◽  
Author(s):  
Fritz Edward Siregar ◽  
Simon Butt
Keyword(s):  
Natural Gas ◽  
Natural Resources ◽  
State Control ◽  
Oil And Natural Gas

scholarly journals NATURAL RESOURCES CONTRIBUTION IN DEFENSE DIPLOMACY: A CASE STUDY OF BRUNEI DARUSSALAM

2019 ◽  
Vol 9 (2) ◽  
pp. 57
Author(s):  
Marina Ika Sari
Keyword(s):  
Natural Gas ◽  
Natural Resources ◽  
Oil And Gas ◽  
High Standard ◽  
Defense Budget ◽  
Income Source ◽  
Human Resource Capacity ◽  
Brunei Darussalam ◽  
Oil And Natural Gas ◽  
The Government

<p>Brunei Darussalam is a country rich of natural resources, especially oil and natural gas. The country's income source is highly dependent on oil and gas sector. The fall of world oil price had an impact on Brunei Darussalam’s economy and the government decided to cut off 25% of its defense budget in 2015. However, in 2018, Brunei Darussalam's defense budget reached B$ 492,754,700, a 12.9% increase from the previous year's budget. This research focuses on Brunei Darussalam’s oil and natural gas sectors which have an impact on its defense budget. The amount of a country's defense budget will affect its defense power, including its defense diplomacy activities. This study employs the concept of defense diplomacy. This study finds that there are several key results areas in the defense of Brunei Darussalam government, such as territorial integrity, support toward "whole-of-nation" approach, effective defence diplomacy, military involvement in international missions, high standard of human resource capacity, as well as respected and credible image of the defense organisation.</p><p><strong>Keywords:</strong> Brunei Darussalam, defense diplomacy, natural resources</p>

Analyzing the financial and economic momentum as a result of changes in the interest rate

2020 ◽  
Vol 16 (9) ◽  
pp. 1656-1673
Author(s):  
V.V. Smirnov
Keyword(s):  
Interest Rate ◽  
Natural Gas ◽  
Central Bank ◽  
Crude Oil ◽  
Oil Prices ◽  
Global Capitalism ◽  
Positive Effects ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Interest Rate

Subject. The article discusses financial and economic momenta. Objectives. I determine financial and economic momenta as the interest rate changes in Russia. Methods. The study is based on a systems approach and the method of statistical analysis. Results. The Russian economy was found to strongly depend on prices for crude oil and natural gas, thus throwing Russia to the outskirts of the global capitalism, though keeping the status of an energy superpower, which ensures a sustainable growth in the global economy by increasing the external consumption and decreasing the domestic one. The devaluation of the national currency, a drop in tax revenue, etc. result from the decreased interest rate. They all require to increase M2 and the devalued retail loan in RUB, thus rising the GDP deflator. As for positive effects, the Central Bank operates sustainably, replenishes gold reserves and keeps the trade balance (positive balance), thus strengthening its resilience during a global drop in crude oil prices and the COVID-19 pandemic. The positive effects were discovered to result from a decreased in the interest rate, rather than keeping it low all the time. Conclusions and Relevance. As the interest rate may be, the financial and economic momentum in Russia depends on the volatility of the price for crude oil and natural gas. Lowering the interest rate and devaluing the national currency, the Central Bank preserves the resource structure of the Russian economy, strengthens its positions within the global capitalism and keeps its status of an energy superpower, thus reinforcing its resilience against a global drop in oil prices.

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