2013 cost recovery set at US$15.5 billion
Friday, September 21 2012 - 02:10 AM WIB
By Godang Sitompul
The government and the House of Representatives Budgetary Body have reached an agreement to cap oil and gas cost recovery funds in the proposed 2013 state budget at US$15.5 billion, Director General of Oil and Gas Evita Legowo told Petromindo.com Friday.
This is slightly higher than the $15.3 billion allocated in the revised 2012 state budget. Evita did not provide further details.
Editing by Reiner Simanjuntak