Weekly Business

Pertamina to Expropriate Cepu?

THE drama between state oil & gas company PT Pertamina and ExxonMobil Oil over the Cepu Block has entered a new chapter. Pertamina, which originally intended to extend ExxonMobils contract at the Cepu field in East Java, has changed its mind. Under its new board of directors, the state-owned enterprise has just decided not to extend ExxonMobils contract at the Cepu field.

Pertamina Managing Director Widya Purnama ackn

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