While other oil producers are reporting record profits from high oil prices, Russia’s Yukos and Indonesia’s Pertamina stand out as lonely exceptions in an industry currently awash in cash. Both are struggling to pay debtors, with Yukos facing the prospect of bankruptcy from its own government while state Pertamina is reduced to receiving hand-outs from…
COMPANIES: Yukos, Pertamina Not At The Banquet As Others Feast On Record High Oil Prices
Posted on August 4, 2004 by EnergyAsia