(Bloomberg) -- Indonesia, Southeast Asia's biggest
oil producer, will change the formula it uses to price the
country's crude exports starting July to help boost revenue.
The energy ministry will drop the Asian Petroleum Price
Index, which has a 5 percent weight in the formula, and increase
the weights of assessments made by oil-pricing services Platts
and RIM Intelligence Co. to 50 percent each, Luluk Sumiarso,
director general of oil and gas, said by telephone today.
Read more at Bloomberg Energy News
oil producer, will change the formula it uses to price the
country's crude exports starting July to help boost revenue.
The energy ministry will drop the Asian Petroleum Price
Index, which has a 5 percent weight in the formula, and increase
the weights of assessments made by oil-pricing services Platts
and RIM Intelligence Co. to 50 percent each, Luluk Sumiarso,
director general of oil and gas, said by telephone today.
Read more at Bloomberg Energy News
No comments:
Post a Comment