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Article: Exxon Mobil near Indonesia deal Hurdle removed as country's president fires Pertamina board
- Article from:
- International Herald Tribune
- Article date:
- August 19, 2005
- Author:
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Wayne Arnold
International Herald Tribune
08-19-2005
Exxon Mobil has found a friend in the Indonesian president, Susilo Bambang Yudhoyono. Exxon Mobil has been dickering with Indonesia's state-owned oil company, Pertamina, for the past four years about how to proceed with drilling at the country's most promising oil field. Yudhoyono apparently got tired of waiting. Faced with a drop in production that has turned his impoverished country into a net oil importer as prices soar to record highs, Yudhoyono's government decided this week that the best way to push a deal forward would be to fire Pertamina's board of directors, including its president director, Widya Purnama.''They have to be ...