Via Stratfor (subscription required), a detailed analysis of Indonesia’s transition from being a major oil exporter to leaving the Organization of Petroleum Exporting Countries to seeing its natural gas prospects expand. As the article notes, the question now is whether the government — which received a strong mandate in recent elections — will be able […]
Read more »As reported by The Jakarta Post, Indonesia’s state owned oil company – PT Pertamina – named a new President recently. As the article notes: “…Newly appointed Pertamina president director Karen Agustiawan has promised she will boost the company’s performance to meet production targets and to deal with possible fuel scarcity. Energy and Mineral Resources Purnomo […]
Read more »Via Energy Daily, news that China’s Sinochem Corp., a state-owned oil trading conglomerate, has entered into an agreement to explore oil and gas in two blocks in Indonesia. As the article notes: “…Sinochem has bought a 20-percent working interest in Merangin II Block and a 40-percent stake in Belida Block, both in oil-rich south Sumatra, […]
Read more »Via The New York Times, a very interesting article on how the economies of many big oil-exporting countries are growing so fast that their internal need for energy is reducing the amount they can sell abroad, adding new strains to the global oil market. This growth, if it continues, would see several of the world’s […]
Read more »As noted in the Eurasia Daily Monitor, Kazakhstan – despite its efforts to symbolically broaden its foreign policy with recent Presidential visits to places such as Syria, UAE, and the Balkans – and investments such as KazMunayGaz’s recent acquisition of a 75% stake in Romania’s Rompetrol Group, the Balkan pipeline route and East European markets […]
Read more »According to a report in The Shanghai Daily, Limitless — Dubai World’s property arm — agreed to buy a 30-percent stake in PT Bakrie Swasakti Utama, a unit of Indonesia’s biggest property developer PT Bakrieland Development for approximately two trillion rupiah (US$220 million). “…The stake will help Limitless expand in southeast Asia’s largest economy, which […]
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