CITIC Resources Holdings Faces Legal Proceedings Over Seram Block in Indonesia
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CITIC Resources Holdings Limited is facing legal proceedings regarding its interests in the Seram Block in Indonesia. The case challenges the appointment of PT Petro Indo Mandiri as the temporary operator by SKK Migas, Indonesia’s oil and gas regulatory agency. The State Administrative Court has accepted the claim, with a pre-trial hearing set for October 2, 2025. The company intends to defend its rights and advises shareholders to exercise caution with its securities.
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