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Pertamina

Pertamina

Industry: 
Energy
Country: 
Indonesia
Contact Information: 
Sources: 

 

Indonesia's Pertamina expects to sign an agreement with Iran to evaluate investing in two oil and gas blocks sometime after the Muslim Ramadan holy period that ends in July, a company official said on Monday... A deal would be Indonesia's first investment in Iran's upstream oil sector. Last month Pertamina inked an agreement to purchase 600,000 tonnes of liquefied petroleum gas from state-owned marketer National Iranian Oil Co. (NIOC) Pertamina plans to sign a memorandum of understanding with state-owned NIOC to evaluate the two blocks and eventually import crude from the sites for processing in Indonesia if the bid is successful, Pertamina upstream director Syamsu Alam told Reuters. "We want to manage those blocks. We want to be operator in those blocks," Alam said in a phone call, without identifying the areas. (Reuters, “UPDATE 2-Indonesia's Pertamina to sign Iranian oil field deal after Ramadan,” 6/27/2016)

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“Indonesia's state oil and gas company PT Pertamina has signed a deal with National Iranian Oil Company (NIOC) to buy 600,000 tonnes of refrigerated liquefied petroleum gas (LPG), Pertamina said in a statement on Monday. The first two cargoes of LPG are scheduled to be shipped by NIOC in the fourth quarter of this year, followed by 12 more cargoes in 2017, the statement said. The deal was signed during the Indonesian energy minister's visit to Tehran... Pertamina and NIOC has also agreed to continue their discussion on crude oil supply for the Indonesian company, as well as possible partnership in upstream operations, the statement said.” (Reuters, “UPDATE 1-Indonesia's Pertamina to buy 600,000 tonnes of LPG from Iran,” 5/30/2016)

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"Indonesia expects to sign an initial deal on Sunday with Iran for the purchase of crude oil and liquefied petroleum gas (LPG), an official at Indonesia's state energy company, Pertamina, said on Friday, providing no further details. Indonesia's energy minister Sudirman Said is heading to Iran on Sunday, a ministry spokesman, Sujatmiko, said separately." (Reuters, "Indonesia to sign oil, LPG import deal with Iran: Pertamina official," 5/27/2016)

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"Indonesia is seeking a long-term oil supply deal with Iran in anticipation of a possible end to sanctions against the Persian Gulf nation over its nuclear program. Resources Minister Sudirman Said will discuss potential crude supply and investments with Iran on the sidelines of an Organization of Petroleum Exporting Countries meeting in Vienna on Friday, according to a statement on the ministry's website... Talks will examine the possibility of PT Pertamina, Indonesia's state oil and gas company, entering Iran's exploration and production industry either as an operator or shareholder, Said said in the statement Thursday." (Bloomberg, "Indonesia Joins Line for Iran Oil Amid Talks to Rejoin OPEC," 6/5/2015) 

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"Abubakar said that Pertamina was invited to build a fertilizer plant in Iran because the oil and gas company also had cooperated with that country in the development of an oil refinery plant."(Antara News, 6/16/2010)

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"The report said under the current arrangement, Pertamina and state-owned National Iranian Oil Refining and Distribution Company, or NIORDC, were to each hold a 40% stake in the refinery, with Petrofield Refining Company of Malaysia owning the remaining 20%. Pertamina and the other companies were to have signed a deal creating the joint company Monday, but will now wait until August, Hadihartini said in the report. The planned refinery, in Banten province on the main Indonesian island of Java, will in its first stage of production refine 150,000 barrels a day, of a mixture of 50% Iranian Extra Heavy Crude and 50% Iranian Heavy Crude, supplied by NIORDC, Antara said." (The Wall Street Journal, "STX Pan Ocean May Join Pertamina Refinery Consortium -Antara," 6/22/09)

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"State oil firm Pertamina said in March a refinery joint venture project with Iran may be delayed until 2016 from 2010. In 2006, Pertamina's unit PT Elnusa signed a preliminary deal with National Iranian Oil Refining and Distribution Company to build a 300,000-barrels-per-day oil refinery in Indonesia, which was expected to be completed in 2010." (Reuters, Factbook, 06/05/09)

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