Chasing Money from Black Gold

THERE was no official farewell ceremony, let alone any sort of thank you, when Hanung Budya was forced to relinquish his position as Managing Director of PT Pertamina Energy Trading Ltd. (Petral), at the end of October this year. There is no clear reason why he was dismissed as boss of this oil trading company, which is based in Singapore and owned by Indonesias oil & gas company Pertamina.

It was done for internal reasons, because renovations wer

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