An executive at Indonesia's Chamber of Commerce and Industry (Kadin) has called on the Indonesian government to let domestic companies take over the blocks, noting the work contracts of certain foreign companies on a few oil and gas blocks are to expire in 2011.
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With Trade Minister Mari Elka Pangestu set to head to Russia next week, Indonesia is eyeing the emerging economic power as a prime export destination.
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Pertamina Hulu Energy Offshore Northwest Java (PHE ONWJ), state oil and gas firm Pertamina’s subsidiary operating in the ONWJ block, plans to construct three new gas production platforms in
the area.
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Indonesia's state oil and gas company Pertamina has withdrawn around 2 million faulty 3-kg gas canisters from circulation following a series of gas canister explosions in the country, Vice President Boediono said.
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The government says it will file an official claim on Wednesday with Thai oil and gas company PTTEP Australasia for environmental damage caused by an oil spill in the Timor Sea.
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Indonesia's upstream regulator BPMigas Thursday said Japan's Inpex may start construction at the Masela gas block project next year.
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Indonesia state oil and gas firm PT Pertamina may restart a 230,000 barrels per day (bpd) Cilicap refinery unit this week, company officials said on Monday, helping to replenish gasoline and diesel supplies.
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Medco E&P Lematang, a subsidiary of Indonesia's biggest private oil and gas firm, Medco Energi Internasional, has received US$90 million in loans from three Indonesian banks to develop its gas field in South Sumatra.
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How green is our economy? While there is no precise answer to this question, our economy is neither green nor grey, but remains black.
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AED Oil says that the onshore exploration well Gigir East-1 on its 60% owned South Madura Project has commenced drilling and was spudded on July 30.
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