Medco to pay Rp 12 per share dividend

By R. Amoros

Saturday, June 24 2000 - 04:30 AM WIB

The publicly listed oil and gas firm PT Medco Energi International obtained on Friday shareholders approval to provide a Rp 12 per share dividend from the 1999 net profit.

Shareholders also approved the acquisition of four oil blocks to boost daily crude oil output to 66,000 barrel per day from the current level of 42,000 bpd. (*)

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