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Budi Waseso

Budi Waseso, former chief of the National Narcotics Agency (BNN) and chief detective of the national police, is reportedly appointed new CEO of the state food security company BULOG. This is an interesting development to watch.

Business

Last Minute Change at the Expired Oil Gas Blocks

The government has finally signed contracts with Pertamina for six expired oil and gas blocks. Using the so-called ‘Mahakam Scheme’, Pertamina is granted 100% participating interest in the blocks with firm investment commitment of US$556.45 million in the first three years.

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Pertamina Takes Over Eight Oil & Gas Blocks

Indonesian government handed over the management of eight working areas (WA) that expired its contract in 2018 to PT Pertamina. The investment potential for the first three-year worth of US$556.45 million. The eight blocks...

Freeport to Close Open-pit Mine in 2019

PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua–where the ore body occurs near the highland surface. The open-pit method is used in mining the Grasberg ore body and occurs near...

Eni Get Approvals to Develop Merakes Field in Indonesia

Italia’s Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, East Kalimantan. Based on the company statement, the Minister of Energy and Mineral...

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Profiles

Budi Waseso

Budi Waseso, former chief of the National Narcotics Agency (BNN) and chief detective of the national police, is reportedly appointed new CEO of the state food security company BULOG. This is an interesting development to watch.

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