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Home  >>   Daily News  >>   Indonesia News  >>   Energy  >>   Oil firms fined over collusion in Indonesia
NEWS UPDATES Asean Affairs    6 January 2011

Oil firms fined over collusion in Indonesia

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The national anti-monopoly regulator on Wednesday penalized four oil and gas companies, including state-run Pertamina, for breaching regulations.

The Business Competition Supervisory Commission (KPPU) said in a statement that Japan’s Mitsubishi had colluded with consortium members Pertamina, Medco Energy International and Medco E&P to win a bid to develop the Donggi-Senoro gas block in Central Sulawesi.

Nawir Messi, a KPPU member, said the total fine for the four companies was Rp 31 billion ($3.44 million).

“We’ve proven that Mitsubishi conspired with Pertamina and Medco Energy to rig the contest, making Mitsubishi the tender winner. This is a practice of unhealthy business competition,” Nawir said on Wednesday.

He also said Mitsubishi had illegally obtained classified information on its rival for the $4 billion project, Australia-based gas company LNG International.

The KPPU fined Mitsubishi Rp 15 billion, Pertamina Rp 10 billion, Medco Energy Rp 5 billion and Medco E&P Rp 1 billion.

The consortium won the tender in 2006.

Mitsubishi holds a 51 percent stake, with Pertamina owning 29 percent and Medco and its subsidiary controlling the rest.

LNGI filed a complaint with the KPPU after losing the bid.

“The KPPU’s decision is unfair, and it will hamper the investment climate in Indonesia,” Pertamina spokesman Mochamad Harun said.

“We will fight against the decision.’’

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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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