JAKARTA (AFX-ASIA) – PT Medco Energi Internasional said a weaker oil price capped first quarter sales growth to just over 10%, as it partially offsets the impact of higher production. The average oil price for the period was US$20.5 per barrel compared to US$25.7 a year earlier. “That limited our sales growth, even though our…
INDONESIA: Medco – Lower oil price capped Q1 sales growth; sees Q2 earnings similar to Q1
Posted on August 6, 2002 by EnergyAsia