Thailand's PTTEP suspends Indonesia investment over oil spill case

Thailand's PTTEP suspends Indonesia investment over oil spill case

Thailand's PTT Exploration and Production said on Tuesday it was suspending
investment in Indonesia after the Indonesian government filed a $2 billion
lawsuit against it for alleged damage from an oil spill eight years ago.

"Due to the current lawsuit, PTTEP has decided to suspend its investment
decision in potential projects until further conclusion of the lawsuit," a
company statement said.

PTTEP said Indonesia was one of its strategic priorities for investment.

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Link to Original Article:
http://af.reuters.com/article/energyOilNews/idAFL4N1IB215

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com