Resources
Berlian Laju Averts Bankruptcy After Deal with Creditors Wires
(Insider Stories) — Indonesian oil and gas shipper PT Berlian Laju Tanker (BLTA) reached a deal with creditors to restructure US$1.9 billion in debt, averting what could have been one of the country’s biggest bankruptcies in years, wires reported. Once the world’s third-largest chemical shipper, the group secured support for its restructuring plan on March Full Article
Indonesia Targets construction of 140 MW solar power plants in 2013 –Kontan
March 18 (The Insider Stories) — Indonesia’s Energy and Mineral Resources Ministry aims to kick off several solar-power projects that will generate a combined 140 megawatts of electricity this year, Kontan newsportal reported late Sunday. Rida Mulyana, director general for renewable energy at the ministry, was quoted as saying that solar-power projects are expected to Full Article
Semen Indonesia Starts Balikpapan Cement-Packing Plant Construction – Kompas
March 18 (The Insider Stories) — Indonesia’s biggest cement producer Semen Indonesia (SMGR) has begun the construction of a cement packing plant in Balikpapan to meet increasing demand from Kalimantan provinces, Kompas newsportal reported late Sunday. Kalimantan is among the most prospective areas, with cement sales reached 4.1 million tons last year, up 21% from Full Article
Oil Services Company Elnusa Appoints Luhur Budi Djatmiko as Chairman
March 15 (The Insider Stories) — Shareholders of Indonesian oil services company PT Elnusa Tbk (ELSA) approved changes to the company’s management Thursday, the company said. Luhur Budi Djatmiko replaces Andri T. Hidayat as Elnusa chairman and Adhi Utomo Jusman replaces M. Suluhuddin Noor as a commissioner, while Tony Harisman Soetoro and Lusiaga Levi Susila Full Article
INSIDER HEADLINE : Industries in West and Central Java to Face Natural Gas Shortage This Year -Kontan
March 14 (The Insider Stories) — Industrial companies in West Java and Central Java provinces will face a shortage of natural gas this year, a similar situation to their peers in North Sumatra province, Kontan newsportal reported Thursday. The forecast gas deficit is due to lower supply and lack of infrastructure such as pipelines, Gunung Full Article
INSIDER HEADLINE: Adaro eyes up to $4 billion power plant project in South Sumatra - Kontan
Coal miner Adaro Energy is participating in a power plant project in South Sumatra province, Kontan newsportal reported Thursday. The 3×600 megawatts project is estimated to cost up to $4 billion. Adaro President Garibaldi Thohir was quoted as saying that it will tap huge foreign interests by setting up a consortium. A consortium of Adaro Full Article
INSIDER NEWS: Indonesian Minister to Provide Extra Push in Securing Iraqi Oil Deals
(The Insider Stories) — Indonesian chief economic minister Hatta Rajasa is leading a team traveling to Iraq Wednesday, hoping to provide an additional push in negotiations to buy a stake in an Iraqi oil field and additional Basra light crude for domestic needs. “I am leading a contingent of (state oil company) Pertamina and Ministry Full Article
