Dec. 30 (Bloomberg) -- Indonesia’s revenue from oil and gas production climbed 63 percent this year as crude prices reached a record in July.

Income from petroleum surged to 303 trillion rupiah ($27.4 billion) this year from 186 trillion last year, Energy Minister Purnomo Yusgiantoro said in Jakarta today. The country’s mining industry, including coal, brought in 42 trillion rupiah this year, 13 percent higher than a year earlier, he said.

Crude oil futures reached an all-time high of $147.27 a barrel in July. Prices have fallen 73 percent since then as a deepening recession cuts fuel demand. Oil and gas production contributes more than a third of the government revenue in Indonesia, Southeast Asia’s biggest crude-producing nation.

“Next year, our revenue will probably fall due to the very low oil price,” Purnomo said.

The country may produce 960,000 barrels of oil a day in 2009, a 1.8 percent decline from an estimated 978,000 barrels a day this year.

To contact the reporter on this story: Leony Aurora in Jakarta at laurora@bloomberg.net.

Last Updated: December 30, 2008 02:56 EST