MEDC posts 10.9% profit growth in 2024
03 Apr 2025 10:46
Net profit improved in 2024. So, what are MEDC’s production targets for this year?
MEDC to set up buyback of 407 million shares worth IDR 820 billion
26 Mar 2025 08:25
MEDC will conduct a buyback of 407 million shares with a maximum fund allocation of IDR 820 billion.
MEDC subsidiary completes 3D seismic acquisition in Corridor Block
21 Mar 2025 09:31
MEDC subsidiary completes 3D seismic acquisition in Rebonjaro Field, Corridor Block, South Sumatra.
Oil prices drop, oil and gas issuers brace for pressure
06 Mar 2025 15:34
Oil prices plummet due to abundant US stock and OPEC+ production recovery plans.
MEDC & Ormat joint venture starts commercial operation of Ijen power plant
09 Feb 2025 09:00
PLTP Ijen is now officially operating commercially, after MCG received funding support from Sarana Multi Infrastruktur (SMI) a year ago.
Medco extends IDR 7 trillion loan to subsidiary
14 Jan 2025 15:20
Despite the significant amount, MEDC announced that the loan would not bear any interest.
Medco Energi Internasional to distribute interim divind of IDR 15.75 per share
04 Oct 2024 14:58
PT Medco Energi Internasional Tbk (MEDC) is readying interim dividend distribution of USD 25.89 million or IDR 15.75 per share.
Ijen’s geothermal project by Medco Energy reported 93% completion
26 Aug 2024 13:07
PT Medco Energi Tbk (MEDC), an oil and gas company that slowly branches out to renewable energy sector, revealed that the construction project of Geothermal Power Plant of Ijen has reached 93% of target.
Medco Energi to divest in Area 47 Libya, transferring it to NOC
28 May 2024 09:05
PT Medco Energi Internasional Tbk (MEDC) has reportedly divested its shares in Area 47 contract located in Libya and transferred them to Libya National Oil Corporation (NOC).
Medco Energi sets up IDR 200 billion for shares buyback
19 Apr 2024 19:58
PT Medco Energi Internasional Tbk (MEDC) is scheduling a shares buyback with a budget set to IDR 200 billion or equal to USD 12.5 million.