Letters
Tuesday, April 22, 2008
Don’t Abandon Natuna Investors
It is better for the government not to abandon the pioneering investors of the Natuna D Alpha Block Project. Since 1996 they have invested their money, time, and stamina to acquire 26 percent of the participating interest (PI) and bear 7.33 percent of the PI owned by Pertamina. As of 1999, the PI ownership is 76 percent Exxon, and 24 percent Pertamina.
This year, the government took over the project and handed i
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