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Business 7 years ago
Moody’s sees Rokan Block takeover by Pertamina as credit positive
Moody's assistant vice president and analyst Rachel Chua has said the state-owned oil and gas holding company Pertamina’s plan to control Rokan Block, one of the country’s largest crude producing blocks, is a credit positive.
Business 7 years ago
Investment board focusing on internal work to prepare OSS takeover
Investment Coordinating Board (BKPM) head Thomas Trikasih "Tom" Lembong said the board was now busy with international work to prepare for the takeover of the Online Single Submission (OSS) system, while the external affairs are entrusted to the Trade Ministry.
Business 7 years ago
Transportation Ministry takes over KEK Sei Mangkei railway
The Transportation Ministry signed an agreement on Tuesday with the Industry Ministry and state-owned plantation firm PTPN III to take over the operations of a newly constructed railway connecting the special economic zone (KEK) of Sei Mangkei with Perlanaan Station in Simalungun, North Sumatra.
Business 7 years ago
Pertamina’s takeover of eight blocks may face further delays
State-owned oil and gas holding firm Pertamina might be unable to soon realize the takeover of eight expiring oil and gas blocks amid a prolonged disagreement with the government over the allocation of participating interests in each block.
