Indonesia keen to participate in Iran’s upstream oil projects

Business Materials 6 December 2016 15:55 (UTC +04:00)

Baku, Azerbaijan, Dec. 6

By Fatih Karimov – Trend:

The Indonesian state-owned oil and gas company, Pertamina is interested to participate in Iran’s upstream oil projects, Zulkifli Hasan, the Indonesian parliament speaker, said.

Zulkifli made the remarks during a meeting with Amir Hossein Zamaninia, the Iranian deputy oil minister for Trade and International Affairs, in Tehran, SHANA news agency reported.

The Indonesian official further said that his country is ready to cooperate with Iran in studying the Iranian oil fields, including Ab Teymour and Mansouri.

Zamaninia, for his turn, expressed Iran’s readiness to export crude oil and LPG to Indonesia. Iran has so far exported several LPG cargoes to the country.

Earlier in August 2016, Pertamina and National Iranian Oil Company signed a MoU to carry out a preliminary study on Iran's Ab Teymour and Mansouri oil fields, which contain over 5 billion barrels of reserves.

Iran has requested Indonesian firm to submit a comprehensive proposal for development of the two fields.

Last month, it was announced that the Indonesian government has called on Iran to invest in Indonesia’s oil refinery projects.

Energy and Mineral Resources Ministry director general for oil and gas IGN Wiratmaja Puja said that the request had been conveyed to a visiting Iranian delegation led by Communications and Information Technology Minister Mahmoud Vaezi.

Wiratmaja further said that Indonesia currently buys LPG from Iran and is also planning to buy crude oil from the country as well.

"Should Iran invest in refineries here, it can supply the refineries with its crude oil," he added.