<font size=1 color=#FF9900>OIL</font><br />Recovery ‘Room’ - Economy - magz.tempo.co

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OIL
Recovery ‘Room’

Wednesday, August 25, 2010

Cost recovery remains a contentious issue as the DPR insists on limiting its payments to oil contractors.

. tempo : 173519190071.

FORGET, for now, about producing 1 million barrels of oil per day. That seems to be the conclusion in President Yudhoyono’s 2011 Budget Statement to the House of Representatives (DPR) on Monday last week.

Yudhoyono, in a speech broadcast live on television, told the DPR that Indonesia’s oil output in the coming budget year was expected to remain below 1 million barrels per day (bpd) as it did in the three previous years. “Oil lifting next

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