JAKARTA : Indonesia state energy firm Pertamina is finalising an acquisition of Shell's shares in the country's Masela gas project, its chief executive officer said on Tuesday.Indonesia's energy minister on Monday said Pertamina was leading a consortium of investors to take over Shell's 35 per cent partic
JAKARTA : Indonesia state energy firm Pertamina is finalising an acquisition of Shell's shares in the country's Masela gas project, its chief executive officer said on Tuesday.
Indonesia's energy minister on Monday said Pertamina was leading a consortium of investors to take over Shell's 35 per cent participating interest in Masela block."There are high hopes that this giant gas block can be developed soon so the gas asset in Masela can be monetised," chief executive Nicke Widyawati told a press conference.Government officials had repeatedly urged Shell to deliver on the sale and accused it of dragging it out.
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