Nils Oskar Tronrud and Sebastian Kronback visited Bojonegoro regency. They are master’s student from NTNU who had purpose to enhance their understanding of oil and gas natural resources dynamics resources  in Bojonegoro as the largest oil and gas producing regency in Indonesia 

Aw Syaiful Huda, the Director of the Bojonegoro Institute, welcomed their visit. He has a keen interest in learning about the Eternal Oil Fund in Norway. “We could make sharing session from our each country,” he said.

Nils explained  the establishment of the Eternal Oil Fund Norway in 1990. It inspired by Netherlands, the country face decline economic after deplete their gas and oil resources.

Additionally, Nills presented information about the Eternal Oil Fund Fundcommonly as known as “the Government Pension Fund Global.” This fund is accessible online to the public and provides real-time data, including analytical insights and annual audit reports.

Nils mentioned, Norway’s annual national budget only include 3.5 percent from Norway’s eternal oil fund that allocated  for development expenditure. He said investment in renewable energy use assets from “Norway’s oil fund”.

Meanwhile, the discussions about social dynamics is highlighted about  the role of the Bojonegoro Institute and AJI Bojonegoro in overseeing the oil and gas industrialization in the region to avoid the resource curse.In general, the discussion was proceeding smoothly, with each participant actively providing feedback and comparing the study cases based on their respective countries.

For your information, the Collaborative House is a co working space initiated by the Bojonegoro Institute and AJI Bojonegoro,  to create collaboration among civil society activists and journalists in Bojonegoro.