Sunday, November 16, 2008

Iraq Open Tender drilling Natural Gas

Jakarta: Minister of the Iraqi oil industry Hussain al-Shahristani invite local companies and foreign oil for the auction contract penggarapan natural gas fields in the area of Sunny which is located in the western part of Iraq.

The ministry official site on Sunday (23 / 3) mentioned that the deadline for the delivery of the proposal to tender for the management of the Akkas gas field ends on 24 April future. Natural gas fields is located in Anbar Province. Akkas gas fields is estimated to save more natural gas reserves of 2.15 trillion cubic feet.

Most Iraqi oil drilling sites located in the northern Kurdish region and the Shiite south. Akkas field development is expected to increase the joy of the economy in Sunni areas. In the early stages Akkas field could be in production to 50 million cubic feet per day and will increase to 500 million cubic feet per day in the next stage. The results of drilling can be flowed through Syria to Europe.

Iraq is a country where the third largest oil reserves in the world with the estimation of oil reserves of 115 billion barrels and 112 trillion cubic feet of natural gas.

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United States companies remain interested in Indonesia

Jakarta, Oct. 27, 2008 - Some 25 companies from USA have expressed their willingness to do ekpansi and transfer of business to Indonesia, as an effort to secure the business activities of their impact on global financial crisis.

Minister of Industry, Fahmi Idris to Xinhua on Wednesday and said, companies are interested to move usahnya activities to countries that are not affected by the impact of the current global crisis.

These companies are Dow Chemical, General Electric, Monsanto Corp., Pfizer, ConocoPhilips, Johnsons and the Johnsons, Microsoft and Oracle. Meanwhile, Guardian, and Marathon Oil will make new investment in Indonesia.

According to Fahmi, Guardian investment plan of $ 150 million for the production of "flat-mirror" while Monsanto will invest as much as $ 12 million to procure seeds.

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Founder of the "AP" Selling Company Shares

Founder of Agent Provocateur, Serena Rees and Joe Corre sell company stock in their clothes. Shares that they release 60 million worth of poudsterling.


Decisions to sell their shares is the effort to save financial companies. They are also ultimately not work together again in the company, such as the Financial Times reported.

"We are experiencing difficulties pengujung in the financial years ago. No longer may we continue with this business," said Core to a local print media.

"One of us should go," said Corre, write Female First, Saturday (17/11/2007).

They still have a few shares, though most have been selling shares of the company. The remaining shares not more than 10 percent. Next, they will not participate in the way companies manage it again.

At the beginning of this week "AP" was the Vahina Giocante as the icon for the third collection given the name of "The Adventures of Miss AP." Giocante replace the previous icon Catherine Bailey.

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PT Indah Continent Group sale of assets

Pontianak, milling company PT Indah Continent Group promised in October will pay the salaries of 3,200 workers have not been paid for 3.5 months. To pay the salaries of the workers the company will sell assets that can be sold quickly.

This raised Personnel and General Manager of PT Indah Continent Group (BIG) Darwis Abubakar to the Kompas in Pontianak, Friday (1 / 10). "Sales of these assets is also to meet obligations to the employees of other companies, such as holiday allowances in full," he said.

Dervish discloses, for the delay in payment of salaries of workers 3.5 months, the company still pay 50 percent of salary each. To pay the salaries of 3,200 workers, the company spent around Rp 1.2 billion each month. If they paid full salary, the company issued a fund of Rp 2.4 billion.

"So it's not correct at all if the company does not pay their salaries. Only because the company does not operate, the company's difficulties to pay all their salaries," he said.

This company does not operate because it has not received permission from back surgery related to termination of the Forestry Department while the Forest Industry Primary Results Wood (IPHHK). The largest timber company in West Kalimantan (West Kalimantan) is also frozen permits as Exporters Registered Forestry Products Industry (ETPIK).

According to the Darwis, in addition to the company to sell assets, Budiono Tan, the owner of the company, continue to work to the Department of Forestry to get permission to operate again. This step is adopted because PT BIG previously won the lawsuit in the State Justice Administration (PTUN) Jakarta related freezing EPTIK PT BIG.

Is 1.5 years

Based on data collected Kompas, difficulties in operating this company has been 1.5 years more. Namely freezing since EPTIK PT BIG issued the Director General of Foreign Trade Department of Trade and Industry on March 6 2003. EPTIK out on the freezing of that effort PT BIG PTUN law in Bangkok and win. Through the decision PTUN Jakarta No. 46/G-TUN / 2003 / PTUN Jakarta on 25 March 2003, the court ordered the Director General of Foreign Trade EPTIK the delay freezing.

West Kalimantan Governor Usman Ja'far had difficulties in the operation to help return the company by sending a letter to the Minister of Industry and Trade revoke the freezing EPTIK the BIG PT. In fact, along with the head of West Kalimantan's letter also issued a number 510/222 / PLN/2003 to ask for exemption of export in the name of PT BIG and the Office of West Kalimantan also SKSHH to support the export exemption request.

In addition to the Governor of West Kalimantan, the same request also posted Prijono Tjiptoherijanto, secretary of Vice President Hamzah Haz to Menperindag Rini MS Soewandi with the number of B-599. EPTIK issue has not been completed, the Minister of Forestry, through Decree No. 133/KPTS-II / 2003 PT IPHHK pause in the BIG River Adong, Moroto district.

Darwis said, while waiting for permit revocation freezing, the company operated only with the raw materials of wood that is up to March 2004. Since that company merumahkan thousands of employees. To retain workers, companies sell some assets as the company's heavy equipment.

"We also emphasize that no corporate interest of utilizing the employees do show some sense of this day. The company had tried to resolve the problem with this labor," he said.

Head Office of West Kalimantan Tri Budiarto said, the emergence of the problems foreign workers in West Kalimantan is now no relation to law enforcement against illegal logging.
According to the Tri Budiato, Fall timber company in West Kalimantan more because the system because of bad management is unable to adjust to the wood raw material supply is limited

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Two Oil Companies in Riau, Indonesia Make New Well drilling

INDONESIA, (PEKANBARU): Currently 2 oil and gas companies in Riau are drilling of two new wells. Each of PT Petro do the drilling in the area of River Apit as much as 2 wells, and Sumatra Persada Energy conduct drilling in Rokan Hilir one of the wells.

The head of BP Migas Berwakilan North Sumatra (Sumbangut) in Mulayawan of Pekanbaru, finding new oil wells this course will increase oil production in Riau. "Production of new oil wells, later adding that the amount of crude oil production of Riau," he said.
It is said that the two companies have to report to the BP Migas Sumbagut that they will do against drilling new wells. "This is certainly a good news for us, because with such a decrease in oil production can be more zooms Riau," he added.
The future until 2009 is estimated to have 7 new wells are being exploited by oil companies in Riau. Although production later only about 5,000 barrels per day, but the amount is sufficient as well.
"While the production of new oil wells that only 5,000 barrels per day, but can reduce the decline in oil production angkan Riau overall," he said. With new oil wells berproduksinya it, it means the numbers will increase oil production Riau, "he added.

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