MedcoEnergi has completed the acquisition of ConocoPhillips Indonesia assets, including the company’s 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company.
PT Medco Energi Internasional Tbk (via Public) / MedcoEnergi Announces Nine-Month 2021 Results publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
US oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for US$1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.
Middle East crude benchmarks Oman, Dubai and Murban extended gains for a third session on Thursday after Saudi Aramco raised official selling prices for all crude grades sold to key market Asia for a second straight month. China’s Rongsheng Petrochemical, the trading arm of Chinese private refiner Zhejiang Petrochemical, is seeking 500,000 to 2 million .