SOCAR considering various opportunities for co-op with Pertamina
Baku, Azerbaijan, Oct. 7
By Leman Zeynalova – Trend:
Azerbaijan’s state oil company SOCAR is considering various opportunities for cooperation with Indonesia’s state-owned energy company Pertamina, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend.
He was commenting on Pertamina’s offer of partnership with SOCAR on upgrading the country’s Balikpapan oil refinery.
“SOCAR is considering various opportunities for cooperation with Pertamina, ranging from hydrocarbon supplies to partial participation in financing. No decision has been made on the mentioned issue; consultations continue,” he said.
Indonesia’s state-owned energy company Pertamina has approached SOCAR and Japan’s JX Nippon for possible partnership to upgrade the country’s Balikpapan oil refinery.
Earlier, Eko Rukmono, Vice-President of Exploration and Evaluation of Upstream Directorate at Pertamina told Trend that the company has invited SOCAR to take part in explorations in the Asian country.
According to Rukmono, the two companies could successfully cooperate in the exploration of oil and gas in Indonesia.
"Indonesia enjoys huge hydrocarbons reserve. The country's estimated oil reserve is over 60 billion barrels, while gas reserves are estimated at the level of 30 trillion cubic meters of gas. Indonesia has 48 oil and gas basins, where geological exploration is needed. SOCAR maybe useful for Pertamina, and we invite the Azerbaijani company to take part in the exploration in Indonesia," Rukmono said.
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