Karen Agustiawan News
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PT Pertamina, Indonesia’s state- owned oil company, is seeking to buy stakes in at least two fields in Iraq to secure crude supply, according to President Director Karen Agustiawan.
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PT Pertamina expects the Indonesian government to phase out fuel subsidies by 2014 to help ease the burden on the state budget, said Karen Agustiawan , president director at the country’s state oil and gas company.
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Royal Dutch Shell Plc , Europe’s largest oil producer, may build a refinery in Indonesia even as National Iranian Oil Co. scrapped a similar plan, Industry Minister Mohamad Hidayat said.
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PT Pertamina, Indonesia’s state oil company, started construction of a $1.4 billion fuel-processing unit at its Cilacap refinery in Central Java to reduce reliance on imports of petroleum and petrochemical products.
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PT Pertamina plans to import 10.28 million kiloliters of low-octane gasoline this year, President Karen Agustiawan told lawmakers in parliament today.
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Indonesian companies may raise a record $4 billion through initial public offerings this year amid rising domestic consumption and gains in Asia’s best performing stock market, the nation’s top underwriter said.
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Indonesian lawmakers approved a government proposal to gradually limit the sale of subsidized fuel starting in 2011, Teuku Riefky Harsya, chairman of the parliament’s energy commission, said late yesterday.
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PT Pertamina, Indonesia’s state oil company, plans to increase oil imports by 200,000 barrels per day to 325,000 barrels a day from Saudi Aramco, Pertamina President Director Karen Agustiawan said in Jakarta today.
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Indonesia should delay a plan to limit the sale of subsidized fuel because of current high oil prices, Coordinating Minister for the Economy Hatta Rajasa said.
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PT Pertamina and Exxon Mobil Corp. , the largest U.S. oil company, signed an agreement today to jointly develop the Natuna D-Alpha natural gas block in Indonesia, officials said.
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