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Indonesia interested to invest in Iran’s oilfields

Business Materials 26 February 2017 13:12 (UTC +04:00)

Baku, Azerbaijan, Feb. 26

By Fatih Karimov – Trend:

Indonesia is interested to invest in Iran’s oilfields, the Islamic Republic’s commercial attache to Indonesia, Anvar Kamari, said.

A 25-member Indonesian trade delegation, headed by Coordinating Minister for Economic Affairs Darmin Nasution will visit Tehran Feb. 26, Kamari said, the oil ministry’s SHANA news agency reported.

Indonesia’s deputy minister of Energy and Mineral Resources, Acandra Tahar is accompanying the delegation in the 2-day visit to follow up the negotiations on cooperation in the fields of oil, gas, petrochemical and electricity with Iranian officials.

Kamari said that Indonesia has already submitted its proposals for investment in Iran’s oilfields.

The Indonesian delegation is scheduled to hold talks with Iranian officials in the fields of trade, banking, agriculture and industrial engineering as well.

During the visit to Tehran, the Indonesian delegation is to follow up agreements reached during the visit by President Joko Widodo to Iran last December as well as approvals of the 12th joint economic commission meeting, according to Iran’s IRNA news agency.

Continuation of gas import by Indonesian State-owned Oil and Natural Gas Corporation Company (PERTAMINA) from Iran is one of the main subjects for discussion.

Considering Indonesia's neighbors like Malaysia and Australia are among gas exporters, so price of liquid natural gas (LNG) is important for Jakarta and its officials are to discuss and consult on this issue in Tehran visit.

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