OIL
Pertamina-Medco: No Deal

THERE was no hot debate at a meeting of the board of directors of PT Pertamina at the Dharmawangsa Hotel, Jakarta, on Tuesday night last week. The meeting was a follow-up to a marathon one on the previous day at Pertamina’s headquarters, Jalan Medan Merdeka Timur, Jakarta. The meeting agenda was crucial: discussing reports presented by the valuation team of Medco Energi assets. The state owned oil company was indeed planning to purchase shares

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