House can now summon anybody involved in oil industry, trade : legislator

""It means the House now has the authority to investigate the government`s policies on the management of fuel oils , including its policy of raising the fuel oil prices by 28.7 percent last May," he said. Through the inquiry, it was hoped the government`s policies on the...

Poor people stage protest outside VP`s residence

"Hundreds of poor people staged a protest rally against the government`s plan to raise domestic fuel oil prices at Vice President Jusuf Kalla`s private residence in Makassar, South Sulawesi, on Saturday.Their proters said if the government of Persident Susilo Bambang...

Indonesia, Iran agree to build oil refinery in Banten

"Visiting Indonesia`s President Susilo Bambang Yudhoyono made the statement in a press conference held at the Saad Abas Palace here on Tuesday night.The cooperation, he said, would involve Indonesia`s state oil company PT Pertamina, the Oil Refining Industries Developing...

Government to speed up formation of geothermal company

Jakarta (ANTARA News) - The State Ministry of State Enterprises (BUMN) is to speed up the formation of a new geothermal mining company to explore and exploit geothermal potentials in the country, a spokesman said."We do need to set up several new state companies soon, among...

President asks Pertamina to operate Natuna oil block

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked state oil company PT Pertamina to be ready to exploit natural gas reserves in the Block D Alpha Natuna area in Riau Islands province.Energy and Mineral Resources Minister Purnomo Yusgiantoro said here...

Pertamina names consortium to build $283 mln propylene plant

Jakarta (ANTARA News) - Indonesia's state owned oil-and-gas company PT Pertamina said Tuesday it has chosen the consortium of PT Rekayasa Industri (Rekin) and Toyo Engineering Corp to build a propylene processing unit worth 283 million US dollars. The project is expected to...

Pertamina 2007 net profit seen up 21.1 percent

Jakarta (ANTARA News) - Indonesia's state-owned oil and gas company PT Pertamina is likely to have recorded a 21.1 percent rise in net profit in 2007, helped by higher oil prices, company president Ari Sumarno said Friday. Pertamina is expecting to post net profit of 23...

Pertamina to lift investment by 50 percent

"Indonesia is Asia Pacific's only member of OPEC, but ageing fields and lack of investment has made the country a net crude oil importer since 2006, although it is still a net energy exporter, thanks to a huge supply of natural gas and coal.The country is also Asia's largest...

Lee sad to see Soeharto not getting honours that he deserves

""I feel sad to see a very old friend with whom I had worked closely over the last 30 years, not really getting the honors that he deserves," Lee told journalists for Singapore media after the visit, according to a Channel News Asia report as quoted by Reuters."Yes, there was...

Soeharto`s life expectancy only 50 percent

"Former president Soeharto`s life expectancy is only 50 percent, Head of the Presidential Medical Team, Mardjo Soebiandono, said at Pertamina Hospital here Sunday.Soeharto`s health condition has been deteriorating since Sunday morning as his blood pressure has dropped and the...