Pertamina Takes a Physical

March 7, 2006

WHO owns the oil at Cepu? This fundamental question seems to have been ignored in the midst of the furor kicked up by people fighting for the right to process this black gold. At the negotiating table, Pertamina is stubbornly competing head to head with Exxon. In East Java, the question of which regional state-owned enterprise will be involved, has led to heated and slanderous political gossip. And a number of private companies that want to becom

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