(EnergyAsia, August 25) — Indonesian state oil and gas company Pertamina has offered to pay US$50 million of US$307 million that it owes US-based Karaha Bodas Company (KBC) over a failed geothermal power project, reported ANTARA news agency. The government and Pertamina have been ordered by an international arbitration court to pay US$261 million…
INDONESIA: Pertamina offers to settle part of KBC’s US$307 million compensation demand
Posted on August 25, 2005 by EnergyAsia