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    Ground Ready for Greater Cooperation Between Iran, Indonesia: Pertamina

Summary

Ground is ready for greater cooperation between Iran and Indonesia in oil, gas and petrochemicals sectors.

by: shardul

Posted in:

Asia/Oceania

Ground Ready for Greater Cooperation Between Iran, Indonesia: Pertamina

Ground is ready for greater cooperation between Iran and Indonesia in oil, gas and petrochemicals sectors, President and CEO of Indonesian state-owned oil and natural gas corporation Pertamina Dwi Soetiipto said on Monday.

He spoke to reporters after signing a cooperation document with Iran's National Iranian Oil Company, Iran energy information agency Shana reported.

Indonesia is looking to increase imports of LPG, petrochemical products and crude oil from Iran in the near future. Earlier this year, Indonesia inked a deal to buy LPG from Iran.

Removal of sanctions, improvement of cooperation between Tehran and the world and Iran's decision to increase oil and gas output have provided lots of opportunities for increased cooperation, Pertamina president added.

Pertamina is also keen on investing in Iranian infrastructure projects including refineries, he said.

National Iranian Oil Company and Pertamina signed a memorandum of understanding (MoU) on Monday under which latter will carry out studies of two Iranian oil fields, Abteimour and Mansouri.