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KBC

Battling Without Weapons

Tuesday, December 7, 2004

Pertamina and PLN have lost in arbitration. It’s believed to have been intended.

arsip tempo : 173223873158.

. tempo : 173223873158.

WHEN something is done, can it be undone? This is the mission impossible being undertaken in Jakarta in the dispute with Karaha Bodas Company (KBC), which is now entering its final stage: execution. In its final decision, the high court of New York on October 4 ordered state oil and gas company Pertamina and state electricity company PLN to pay US$299 million in damages.

Two days later, without notice, the government’s funds deposited in 1

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