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- Pertamina seeks Verenex stake in Libya's Area 47
LOS ANGELES, Dec. 2 -- Indonesia's state-owned PT Pertamina is considering plans to purchase the 50% stake held by Verenex Energy Inc. in Area 47 of Libya's Ghadames basin. 'Verenex may pull out from the block,' said Pertamina upstream director Karen
- Kenya is medical evacuation hotspot
More people are evacuated from Kenya for medical reasons than any other country according to Bupa International. Russia and Indonesia take second and third place in the risk list, which is dominated by African countries. Half of all Bupa International
- Corrupt officials put visas on sale
CORRUPT staff at the Indonesian embassy in Kabul are selling visas for $US1500 ($2350), the starting point in an organised people-smuggling racket, according to members of the Afghan community in Australia. The Immigration Department has been advised of
- Indonesian shares close 2.6 pc lower
pulled down by a weaker rupiah and declining regional markets after stocks in the US tumbled overnight, dealers said. The Jakarta Composite Index fell 31.77 points to 1,191.36 in thin volume.
- ADB ready to lend Indonesia significant sum
JAKARTA, Dec 1 (Reuters) The Asian Development Bank (ADB) is prepared to lend a ''significant'' amount to Indonesia so it can weather the global credit crisis, a top official at the lender said on Monday. A senior Indonesian finance ministry official
- Pertamina eyes Libyan riches
Indonesian state-run player Pertamina would be keen to take a stake in Area 47, a Libyan concession operated by Canadian player Verenex, a senior executive said today. Pertamina, which is hoping to boost its reserves base, has outlined plans to expand
- Indonesian government backs Krakatau Steel's loan efforts
PT Krakatau Steel has won the support of Indonesia's state enterprise minister for a production ramp up plan which will see the state-owned steel maker seek loans from foreign banks, according to reports from Indonesia's official news agency Antara. 'We
- Mexico copper, silver output ris...
·Hochschild Mining Q2 attributable gold, silver production in line with budget ·Antam Buys 10% Stake in Oxiana's Indonesian Gold, Silver Mine ·Apex Silver poised to open Bolivia San Cristobal mine ·Nuinsco earns 100% of Elmalaan
- Indonesia's Pertamina eyes Verenex Libya oil find
JAKARTA, Dec 1 (Reuters) - Indonesia's state oil firm, Pertamina, would like to participate in the Libyan oil area of Canadian energy company Verenex, a senior company executive said on Monday. Pertamina has said it wants to expand its upstream
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The world's largest archipelago, Indonesia achieved independence from the Netherlands in 1949. Current issues include: implementing IMF-mandated reforms of the banking sector, effecting a transition to a popularly elected government after four decades of authoritarianism, addressing charges of cronyism and corruption, holding the military accountable for human rights violations, and resolving growing separatist pressures in Aceh and Irian Jaya. On 30 August 1999 a provincial referendum for independence was overwhelmingly approved by the people of Timor Timur. Concurrence followed by Indonesia's national legislature, and the name East Timor was provisionally adopted. The independent status of East Timor - now under UN administration - has yet to be formally established.
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