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Home >> World
UPDATED: 15:27, December 08, 2006
Indonesian firm accused of selling cheaper oil to US
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Indonesia's state-run oil firm Pertamina is under fire for allegedly selling oil to the United States at a price below the government's ruling which costs the country 6.2 million US dollars, a newspaper reported Friday.

Senior legislator Ade Daud Nasution accused Pertamina of selling 621,916 barrels of crude oil to the United States at a price of 10 dollars below the floor price set by the 2006 state budget at 63 dollars per barrel, reported leading economic daily Bisnis Indonesia.

"If the transaction did happen, it is clearly against the law," he said in the Thursday's hearing between the House of Representatives' commission seven and the Pertamina management.

Nasution showed a pile purchase order and shipment documents to the hearing, which was attended also by Pertamina president Ari Soemarmo.

Soemarmo said after the hearing some parts of the documents were authentic but denied having exported crude oil below the official floor price.

Source: Xinhua


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