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Indonesia opens bidding for six oil and gas blocks

The Energy and Mineral Resources Ministry opened on Monday tenders for six oil and gas blocks, three of which are onstream sites. The onstream blocks are South Jambi B in Jambi, Makassar Strait in South Sulawesi and Selatpanjang in Riau. The three blocks went straight to auction as the current operators will not extend their contracts. […]

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Philippines: Tariff pushed on sugar imports

MANILA, Philippines — The Department of Trade and Industry (DTI) is pushing for the adoption of a similar system as rice tariffication on sugar wherein imports would be allowed to enter the country with a tariff. Trade Secretary Ramon Lopez told reporters the proposal would involve allowing sugar imports as long as tariffs are paid as a form of […]

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Vietnam: Petrolimex proposes loosening foreign ownership cap to 49% to lure buyers

The Hanoitimes – Petrolimex, Vietnam`s largest petroleum distributor, has suggested postponing the further sale of its shares until the 2019 – 2020 period, citing unfavorable market conditions in 2018 as reason. Vietnam National Petroleum Group (Petrolimex) has proposed expanding the foreign ownership limit in itself to 49% from the current 20% to attract investors, especially foreigners, […]

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