MARKETS

PTTEP retaliates over Montara action

INDONESIA’s move last week to seek $US2 billion ($A2.7 billion) in civil damages relating to the 2009 Montara oil spill in the Timor Sea has provoked a quick response from the Thai-based PTTEP, the company responsible for the disaster.

 2indonesian flag.

2indonesian flag.

PTTEP has decided to suspend all investment in Indonesia, although the company says it remains keen to continue investing in the nation as part of its plans to spend up to $4 billion in Southeast Asia....

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