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View all search resultsAs a preventive measure, the Corruption Eradication Commission (KPK) has been asked to help supervise the development of the Masela block in the Arafura Sea to ensure the multi-billion gas project is free from irregularities.
The signing on Sunday of the heads of agreement (HoA) between Japan’s Inpex oil company and Indonesia’s Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) for the development of the US$20 billion Masela natural gas liquefaction plant project in the eastern region of Maluku will go a long way in improving the market perception of the future of the country’s hydrocarbon industry.
The Energy and Mineral Resources Ministry's oil and gas director general said on Monday that the gas-rich Masela block’s operator, Japanese oil firm Inpex, had pledged to submit the block's development plan by next month.
The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) has warned that it will find buyers by itself for gas produced from the Masela block in the Arafura Sea if the Industry Ministry still insists on asking for a further price cut.
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