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Jakarta Post

Pertamina to invest Rp 10.2t on new blocks

  • Alfian

    The Jakarta Post

Jakarta   /   Fri, February 5 2010   /  11:22 am

Step on the gas: Oil-and-gas producer PT Pertamina president director Karen Agustiawan (left) shakes hands on a deal with power utility PT PLN president director Dahlan Iskan (right) while Energy and Mineral Resources Minister Darwin Zahedy Saleh (second right) and State-Owned Enterprises Minister Mustafa Abubakar look on in Jakarta on Thursday. The two firms are backing the use of LNG to increase electricity supply in Central and East Java. Antara/AdityawarmanState oil and gas company PT Pertamina has allocated about Rp 10.2 trillion (about US$1 billion)
for acquisition of new oil and gas blocks in 2010, president director Karen Agustiawan told lawmakers Thursday.Karen said Pertamina planned to spend about Rp 29.5 trillion on upstream activities, higher than last year’s estimated figure of Rp 15.8 trillion.“Of the total Rp 29.5 trillion allocated for upstream, as much as Rp. 10...