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2008-05-28 Southeast Asia
Indonesia to pull out of Opec
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Posted by tipper 2008-05-28 10:48|| || Front Page|| [3 views ]  Top

#1 "Mr Kurtubi said it would be at least 10 years before Indonesia recovered its net oil exporter status because the 2004 oil and gas law was less investor friendly than previous legislation. Oil companies are now taxed during the exploration phase in addition to the production period."

Good grief - I hope it doesn't give Congress any ideas....
Posted by Barbara Skolaut">Barbara Skolaut  2008-05-28 18:11|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/]  2008-05-28 18:11|| Front Page Top

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