Hilmi Panigoro, Medco Group CEO
We will discontinue the plan
Reports of a plan by Medco Energy International to acquire the assets of Trans Pacific Petrochemical Indotama (TPPI) spread fast. But the following report on TPPI's intention to save the moribund refinery in East Java has been vetted by some groups in the government who are suspicious that the Panigoro family-owned company was doing the transaction on behalf of the old owner, and that is Honggo Wendratno. Honggo intends to come back through a scheme proposed by Medco.
Medco CEO Hilmi Panigoro recently straightened out some misinformation to Tempo, who met him two weeks ago at his office. "I must quickly respond to questions because news has begun to spread which I fear are wrong."
September 8, 2015
Reports of a plan by Medco Energy International to acquire the assets of Trans Pacific Petrochemical Indotama (TPPI) spread fast. But the following report on TPPI's intention to save the moribund refinery in East Java has been vetted by some groups in the government who are suspicious that the Panigoro family-owned company was doing the transaction on behalf of the old owner, and that is Honggo Wendratno. Honggo intends to come back through a sch
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