Jakarta, Indonesia (News Today) - Indonesia will seek over IDR10 trillion ($1.1 billion) in compensation from Thailand's PTT Exploration & Production PCL (PTTEP.TH) for alleged damage from an oil leak last year.
“It's more than (IDR10 trillion), the amount is big enough,“ Transportation Minister Freddy Numberi said late Wednesday.
Numberi, who is leading a government team in negotiations with the Thai company, said that the compensation claim is “backed by detailed data.“
The two sides are meeting in Perth, Australia this week, and Indonesia is expected to propose its compensation claim. The Montara oil leak was one of the worst in Australian history, with 400 barrels a day of crude escaping into the sea in a remote area between northern Australia and East Timor.
PTTEP Chief Executive Anon Sirisangthaksin told Dow Jones Newswires this week that the company had discovered an oil slick along Indonesia's coast from a recent survey by satellite and aircraft, but that the slick hadn't impacted the ecosystem or the livelihoods of local fishermen.
Source : kompas
Tuesday, August 31, 2010
Indonesia to Seek over IDR10 Tln Compensation from Thailand
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