Feb 20 Oil and natural gas producer Harvest
Natural Resources Inc said its planned $725 million sale
of its Venezuelan operations to Indonesia's state-owned oil
company has been scrapped by the Government of Indonesia.
The company said last June that it would sell its 32 percent
stake in Petrodelta SA in Venezuela to PT Pertamina,
Indonesia's national oil company.
"Harvest remains committed to exploring all possible
alternatives to unlock the potential of our assets and to
maximize value for our shareholders," Chief Executive James
Edmiston said on Wednesday.