Finally, the contract of PT Medco Energy International Tbk for gas allocation to PT Pupuk Iskandar Muda extended. This gives new hope for Aceh regional vital project to breathe again, after so long gone clarity. Hopefully this gives new hope for us.
as Vivanews launched below:
This is a good start for us. At least for the future there is hope we can operate the plant to normal with 2 factories .. Aminnn ...
In fact, the Aceh administration had refused to refresh the contract because it is alleged of causing losses to the country.
"In fact, we're expecting the central government prepare governmental regulation on oil and gas," he said today, Feb 15.
However, due to the delayed regulation, he said, the Aceh administration took a shortcut on the contract renewal of the Block A Field in East Aceh Regency.
"In line with the regulation, we renew the contract to 20 years," said Irwandi.
Therefore, the initial Medco's contract which should have been terminated in 2011 is made up to 20 years.
See the news in Indonesian Language in jambokuneng.com
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