Indonesia26 Jun 2023 11:19
In the South China Sea, Indonesia this year has approved a $3 billion development plan for the Tuna gas field, which is operated by Premier Oil Tuna, a unit of London-listed Harbour Energy (HBR.L).
Harbour has said sanctions from the European Union and Britain have impacted Tuna's development plan as the block is partly controlled by Russia's Zarubezhneft.
"Now Premier has to carry on, on their own first, while seeking for new partners to replace the previous one," Arifin added, referring to Zarubezhneft.
Released this morning