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KPC Divestment

Running out of Gas

Tuesday, April 9, 2002

A court decision ordering the seizure of Kaltim Prima Coal assets threatens a huge natural gas deal with China.

. tempo : 173506673586.

State-owned oil/gas company Pertamina and its Rp100 trillion Tangguh natural gas co-venture are the latest casualties of the long drawn-out legal squabble over divesting shares in PT Kaltim Prima Coal (KPC).

The East Kalimantan provincial government's legal contortions have kept Jakarta on its toes for a full two weeks. Minister for Energy and Mineral Resources Purnomo Yusgiantoro has been moved to write to the Supreme Court. The central gov

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