by Yohanes Obor | Sep 22, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – Oil and gas producer PT Medco Energi Internasional TBk (MEDC) will divest its ethanol business entity PT Medco Ethanol Lampung by early 2015, rescheduled from early June this year. A local company has expressed its interest to buy Medco Ethanol....
by Yohanes Obor | Sep 19, 2014 | Agriculture, News, Resources
JAKARTA (Yosefardi) – Plantation company PT Sampoerna Agro Tbk (SGRO) plans to cut its export of crude palm oil (CPO) to 5% from current 10-15%, to help the CPO prices which now in declining. Meanwhile, the domestic demand for CPO has surpassed the CPO...
by Yohanes Obor | Sep 19, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) Coal miner PT Adaro Energy Tbk (ADRO) had Thursday (September 18) signed memorandum of understanding (MoU) for the renegotiation of coal mining agreement of work (PKP2B). The renegotiation was made for 6 points including the obligation of...
by Yohanes Obor | Sep 18, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Medco Energi Internasional Tbk (MEDC), owned by Panigoro family, plans to add investment of US$320 million for developing oil and gas block in Tunisia, North Africa. MEDC had in August 18, 2014 spent US$127.7 million for acquiring Storm...
by Yohanes Obor | Sep 18, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Arun NGL targets its gas re-gasification to be on stream in January 2015. It spends US$100 million for building EPC facility since early this year for the gas re-gasification. The company only have one cargo of liquefied natural gas...
by Yohanes Obor | Sep 17, 2014 | Mining, News, Resources
JAKARTA (Yosefardi) – PT Freeport Indonesia is seeking partners for building smelter of copper concentrate which costs US$2.3 billion. The smelter will have capacity of 400,000 tons per year. Freeport said it commits to build new smelter in Indonesia as its...
