by Yohanes Obor | Oct 13, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Rukun Raharja Tbk (RAJA), one of few natural gas distribution companies in the country, allocates US$40 million for expansion next year, to fund its projects in East Java and Jambi, Sumatra. It allocates US$22.9 million for gas transmission...
by Yohanes Obor | Oct 13, 2014 | Agriculture, News, Resources
JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) IV booked net profit of Rp472.2 billion in the first half of 2014, soared 341% from Rp107.4 billion in the same period of 2013. Sales grew by 31% to Rp2.97 trillion from previous Rp2.27...
by Yohanes Obor | Oct 10, 2014 | Mining, News, Resources
JAKARTA (Yosefardi) – Australia-based One Asia Resources Limited (OAR) is ready to mine gold in Pani mountain, Pohuwato district, Gorontalo province. The company will invest US$150 million, equialent Rp1.8 trillion, for this project. It has secured loan facility...
by Yohanes Obor | Oct 8, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Sugih Energy Tbk (SUGI), through its subsidiary Petroselat Ltd, will sell its gas production from Selat Panjang block to state electricity company PT Perusahaan Listrik Negara (PLN). Under the agreement, Petroselat will sell 2.5-5...
by Yohanes Obor | Oct 8, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – Oil and gas producer PT Energi Mega Persada Tbk (ENRG), controlled by Bakrie Group, mulls to acquire 1-2 oil blocks in Africa, Asia, and Middle East. The company allocates US$350 million for the acqusition of oil and gas blocks. ENRG had acquired...
by Yohanes Obor | Oct 8, 2014 | Energy, News, Resources
SURABAYA (Yosefardi) – President Soesilo Bambang Yudhoyono (SBY) had on Tuesday (October 7) inaugurated oil and gas production facility of Banyu Urip field in Cepu Block, East Java. The production capacity of Banyu Urip grows by 10,000 barrels per day from...
