West Madura Spoils

THE process of extending the contract period and transferring the shares of the West Madura Block seemed very suspicious, and should be investigated by the authorities. Only two months before the contract ended on May 6, two minority shareholders, Kodeco and CNOOC, handed over their shares to local companies with no track record in the oil and gas industry.

Usually, shares in oil or natural gas companies are transferred at least three months bef

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