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Pertamina

Pertamina

Industry: 
Energy
Country: 
Indonesia
Contact Information: 
Sources: 

"Iran has signed seven new initial agreements with foreign oil companies, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the oil ministry's news agency SHANA on Tuesday. The contracts to study Iranian oilfields were signed with firms including Austria's OMV, France's Total , Germany's Wintershall, Indonesia's Pertamina, Russia's Lukoil and Zarubezhneft, he said. Iran needs foreign investment to repair and upgrade its oil and gas fields and is also seeking the transfer of technology to its oil industry after a decade of isolation. Many Western and Asian oil firms are still waiting for Tehran to unveil oil and gas contracts (IPCs) with new terms." (Reuters, "Iran signs seven initial oil deals with foreign firms - SHANA," 08/30/2016).

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"An MoU on petrochemical cooperation has been signed between Iran’s Petrochemical Commercial Company (PCC) and Pertamina Corporation of Indonesia. Officials at Iran’s PCC met and talked with a delegation of Pertamina in Tehran exchanging views on bilateral collaboration in petrochemical industry. The joint meeting inked a Memorandum of Understanding (MoU) upon which the Indonesian side agreed to directly import Liquefied Petroleum Gas (LPG), polymers, gas condensate and bitumen from PCC. Petrochemical Commercial Company also agreed to purchase aromatics from Pertamina, which is an Indonesian state-owned oil and natural gas corporation based in Jakarta. On the basis of the newly-signed agreement, an executive team comprising representatives of both parties will be formed to make plans for expansion of commercial activities in addition to taking necessary measures required for implementing the reached agreements." (Mehr, "Iran, Indonesia ink new oil deal," 08/17/2016). 

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"Indonesia's state-owned Pertamina on Monday signed a memorandum of understanding to conduct preliminary studies on two Iranian oilfields, a step closer to the company's first investment in the Middle Eastern country's upstream sector. Under the agreement, Pertamina has six months to look into Iran's Ab-Teymor and Mansouri oilfields, which are located onshore and contain an estimated total reserves of more than 5 billion barrels. 'Iran is one of Pertamina's priorities. We're serious about investing in Iran's upstream oil and gas, which will help Iran to increase its oil production,' said Pertamina CEO Dwi Soetjipto in a statement... Pertamina also said it would import its first shipment of liquid petroleum gas (LPG) from Iran in September. Pertamina in May agreed to purchase 600,000 tonnes of LPG from state-owned marketer National Iranian Oil Co (NIOC)." (Reuters, "Indonesia's Pertamina eyes two Iran oilfields for possible investment," 8/8/2016). 

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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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