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Business 7 years ago
Lapindo Brantas operatorship of Brantas Block extended until 2040
The government extended on Friday the operatorship of the existing operator of the Brantas Block, Lapindo Brantas Inc, until 2040, after a delay caused by an administrative matter, namely the payment of a signature bonus and performance bonds.
Business 7 years ago
Freeport gets 1-month permit as divestment expected to end soon
The government approved on Wednesday a one-month special mining permit (IUPK) for PT Freeport Indonesia (PTFI), the local affiliate of American mining giant Freeport-McMoran, that expires on July 31, as the government aimed to complete the divestment of 51 percent of PTFI shares in mid-July.
Business 8 years ago
Extension given to Tuban, Ogan Komering block operators
The government has decided to offer a six-month extension to the current contractors of Tuban and Ogan Komering blocks, which were originally slated to see their contracts expire on Wednesday, as it is still waiting for state-owned energy giant Pertamina to submit new proposals to fully take over the two blocks.
Business 8 years ago
Again, Jokowi extends KPPU commissioners’ term
President Joko “Jokowi” Widodo has issued a decree to extend the office term of the Business Competition Supervisory Commission (KPPU) commissioners after the House of Representatives failed to confirm any of the 18 commissioner candidates he submitted in November, last year.
