Indonesian govt postpones tender of new oil and gas blocks - Forbes(Oil and Gas News)

JAKARTA (Thomson Financial) - Indonesia’s Energy Ministry has postponed an upcoming tender for new oil and gas blocks while the government clarifies the cost recovery terms of oil and gas production-sharing contracts, an official said. The Energy Ministry and Finance Ministry are preparing a ruling that’s aimed at ensuring that the exploration costs that oil and gas block operators can claim back from the government are not overstated. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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