Oil Blessings for Arifin

ANOTHER name also emerged in Forbes Asias list. Arifin Panigoro, owner of Medco Energi. The wealth of oil tycoon Arifin Panigoro also jumped to ninth place, one place higher than Liem Sioe Liong. But the cause was different. Arifin reaped his profits from the spiking crude oil prices in the international market over the past two years.

Since 2004, oil prices have been rocketing uncontrollably. There are many reasons, ranging from domestic crises

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