Misguided Takeover - Opinion - magz.tempo.co

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Misguided Takeover

Monday, July 20, 2020

The takeover of the Rokan Block by Pertamina has the potential to cause losses. The government policy of nationalizing foreign assets needs to be corrected.

Misguided Takeover./Tempo. tempo : 173220748020.

THE government should not be angry when the production, or lifting, of oil from the Rokan Block falls sharply this year. The decision by Chevron Pacific Indonesia, the operator of the oil block in Riau province, to not carry out exploration or make any new investments in the largest block in Indonesia was easy to guess from the outset. What is more, Pertamina, which will become the new operator there, will only be able to start drilling in A

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