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Economy / Indonesia

An Crucial Agreement -

March 2006 | Ratings Update

The president has passed an important test of his leadership by helping to resolve the long-standing dispute between state-owned oil company PT Pertamina and Exxon Mobil. Yudhoyono’s decision to replace Pertamina’s management was the key to an an agreement under which the companies will co-operate to develop the Cepu oil field. Having overcome resistance both from Pertamina and nationalist groups in the parliament

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