Indonesian Political, Business & Finance News

Archive: 15 May 2008

3 articles found

Govt urged to seek share in foreign oil companies` windfall profits

Jakarta (ANTARA News) - The Indonesian government should ask for a share in the windfall profits multinational oil companies operating in Indonesia have gained from the continuing world crude price spiral, a national oil and gas industry spokesman said.

Bakrie to expand oil palm plantation area

Publicly listed PT Bakrie Sumatera Plantations plans to add 50,000 hectares to its oil palm plantation by 2010 with an investment of US$260 million."Thirty-million dollars will be financed by equity from Bakrie Sumatera's new subsidiary PT Bakrie Sentosa Persada (BSP), $80 million from an...

Indonesia gets into hot water

DARJAT, West Java - In the shadow of steep volcanic mountains, Indonesia is seeking to develop a cleaner future for its energy industry. Pressurized steam from a score or more of wells is piped to power generation plants a few kilometers away, feeding into the country's main Java-Bali power grid.