ConocoPhillips looks set to be the next foreign operator to lose out under Indonesian President Joko Widodo’s resource nationalism drive, especially given he has just appointed a pro-nationalisation figure as head of Pertamina. The move signals that the prevailing negative sentiment towards foreign investors is unlikely to improve soon.
Conoco has expressed interest in extending its production-sharing contract (PSC) for the Corridor block in South Sumatra. The block is a key gas supply source for Indonesia and...
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