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Oil Exploration

Government to Act as Collateral?

Tuesday, October 1, 2002

The government is asked to stand guarantee for an oil drilling project in West Seno. Why on earth should a foreign private debt be guaranteed by the government?

arsip tempo : 1732277706100.

. tempo : 1732277706100.

Although the temperature was around 30 degrees Celsius, hundreds of invitees seemed to be enjoying themselves. In early September, at the official launching cerem-ony of a Unocal (California-based oil company) production unit, the guests heard a bit of good news: funds are readily available for the West Seno I and II off-shore oil drilling projects at Makassar Strait. Overseas Private Insurance Corporation (OPIC), an American company, will be

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