Economic Calendar

Tuesday, November 3, 2009

Shell Indonesia Removed From Fuel Distributor List, Post Says

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By Berni Moestafa

Nov. 3 (Bloomberg) -- PT Shell Indonesia will not be joining three other companies in distributing subsidized fuels next year, the Jakarta Post reported, citing the nation’s fuel and pipeline regulator.

Shell had missed the deadline to submit a letter stating that it would accept the assignment, the newspaper said, citing BPHilir Migas Chairman Tubagus Haryono.




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