Indonesian Political, Business & Finance News

Royal Dutch Shell Plc., Europe's second-largest oil company, said

Royal Dutch Shell Plc., Europe's second-largest oil company, said it wants to resume work in Indonesia after the country's energy minister indicated in media comments that the company is again welcome in the archipelago. Indonesian Minister of Energy and Mineral Resources Purnomo Yusgiantoro was cited in Dutch newspaper De Telegraaf today as saying the country had spoken with Shell about the "rules of doing business" in Indonesia after Shell signed an exploration agreement with Malaysia earlier this year in an area disputed by Indonesia. Shell is welcome "if it keeps to the rules," the paper cited Purnomo as saying. "It is encouraging to read that we are welcome again," Shell Chief Executive Jeroen van der Veer said in The Hague today. "We will be keen to work again in Indonesia." -- Bloomberg

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