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Indonesia’s Pertamina and Iran’s NIOC to collaborate on oil and gas

by ChemOrbis Editorial Team -
  • 19/07/2016 (13:49)
According to media reports, this month, Indonesia’s state-owned Pertamina and Iran’s National Iranian Oil Company (NIOC) will sign a memorandum of understanding (m.o.u.) regarding several oil and gas areas.

President Director & CEO of Pertamina, Dwi Soejipto who supports Iran’s investments in Indonesia’s oil industry remarked that Iran has plans for fuel storage tanks and oil refineries and that there is considerable demand in Indonesia. He also noted that after the continuing negotiations are concluded, the deal will be signed in mid or late July between the two companies.

The companies plan to investigate oil and gas blocks in Indonesia first before moving to Iran for exploration.
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