MoneyPlans.net: INDONESIAN PARLIAMENT TO SUMMON PETRONAS AND SHELL OVER AMBALAT: “Petronas has awarded Shell the Ambalat and East Ambalat blocks which are within the Indonesian territory, legislator Ransom Siagian said here yesterday. Ransom said the granting of the concession by Petronas is an insult to the country…” (ShellNews.net) 12 March 05

Publish Date: 3/12/2005 8:16:00 AM   Source: Moneyplans.net Staff

The House of Representatives will summon representatives of Malaysia's Petronas and Royal Dutch Shell Group for a hearing about Ambalat oil block off East Kalimantan, now in the center of political controversy between Jakarta and Kuala Lumpur.

Petronas has awarded Shell the Ambalat and East Ambalat blocks which are within the Indonesian territory, legislator Ransom Siagian said here yesterday.

Ransom said the granting of the concession by Petronas is an insult to the country, therefore, he called on the government to suspend operation of that company in the country.  Chief Economics Minister Aburizal Bakrie, however, said Malaysian investors need no hesitate to continue their normal activities in the country because of the Ambalat case.

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