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Indonesian Oil And Gas Industry May Miss Targets, NAPE Expo Conference Next Month – (NBR, SD, PBR)

The Indonesian government predicts state revenue from the oil and gas industry will miss its target for the first time in three years, citing worse-than-forecasted global oil price and output shortfalls. Oil and gas revenue of $33.48 billion is predicted in the 2012 revised budget. That assumes that the nation’s oil output can reach an…