Just Economic Info

State oil and gas company PT Pertamina says it appointed US-based ExxonMobil to explore its Natuna D Alpha gas block in East Natuna, Riau Province.The companies signed an agreement on Friday to develop the block witnessed by Energy and Mineral Resources Minister Darwin Z. Saleh.“Exxon is one of the partners. Pertamina will look for other...

The son of Samsung Electronics Co. Chairman Lee Kun-hee has been promoted to president in a reorganization of top management posts at the huge conglomerate the giant company anchors.Samsung Group said Friday in a statement that Lee Jae-yong would move up from executive vice president at Samsung Electronics and would retain his other current...