MARKETS

Triangle and PDPA clash over costs

PERTH's Triangle Energy today announced it will head to arbitration to defend accusations from former joint venture partner, Perusahaan Daerah Pembangunan Aceh (PDPA), which claims that Triangle has not fulfilled obligations to make corporate social responsibility contributions to a community development fund.

Triangle and PDPA clash over costs

The venture dated back to 2013, when Triangle and PDPA formed a joint company called Aceh Pase Global Energy to explore the Pase oil and gas block in Aceh, North Sumatra. At the time Triangle held a 75%...

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