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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Chevron faces Rp 100m fine if it flouts BI rule

  • Amahl S. Azwar

    The Jakarta Post

Jakarta | Wed, February 27 2013 | 12:50 pm

PREMIUM Bank Indonesia (BI) revealed that US-based Chevron Pacific Indonesia, the country’s major oil producer, is subject to a Rp 100 million (US$10,304) fine should it continue to dodge the obligation to channel their dollar-based export revenues through local banks.

BI executive director for economic and monetary statistics, Hendy Sulistiowati, told The Jakarta Post on Tuesday that the central...