JAKARTA (AFX-ASIA) – Karaha Bodas Co (KBC), the former partner of state oil and gas firm Pertamina, said it received US$75 million through an insurance claim for the companies’ failed joint venture, the Jakarta Post reported, citing Karaha spokesman Mohammad Saleh. The insurance claim to Lloyd’s of London follows the suspension of their geothermal power…
INDONESIA: Karaha receives US$75 million insurance compensation for failed Pertamina JV
Posted on August 7, 2002 by EnergyAsia