“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Tuesday, March 30, 2010

Medco Energi to Invest $1.7b in Projects by 2014

Jakarta Globe, Muklis Ali, March 30, 2010

Energy company PT Medco Energi Inter national plans to invest $1.7 billion between 2010 and 2014 in several major projects, including oil development in Libya, a company official said.

Medco Energi’s Area 47 oil project in Libya is expected to produce between 50,000 and 100,000 barrels per day and is due to start production in 2014.

“We are waiting for approval from the Libyan government for commercialization of the Area 47 block. We will fund the project with a loan of about $200 million,” Medco president director Darmoyo Doyoatmojo said late on Monday.

“Medco will also apply to the Libyan government to operate the Area 47 project.”

Darmoyo said the company was still optimistic that its liquefied natural gas project in Sulawesi would go ahead in 2014 despite issues over where the gas would be sold and whether the project would be economical.

Medco, together with state oil firm PT Pertamina and Japan’s Mitsubishi, had agreed previously to build the Donggi-Senoro LNG plant in Sulawesi, with a capacity of 2 million metric tons per year. The government wants the gas to be sold only to the domestic market, whereas the partners want to export LNG, which they say is essential if the project is to be profitable.

“This project will provide benefits not only for the companies involved but also for the government,” Darmoyo said.

Other Medco projects are the Sarulla geothermal power plant in North Sumatra, with capacity of 330 megawatts, expected to start operations in 2014, and the Block A gas field in Aceh.

Darmoyo said the Block A project would supply a fertilizer firm in Aceh and was waiting for approval by the governor.


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