Indonesia’s state-owned energy company Pertamina will submit proposals to Iran to explore two oil fields in the country, which are located in Ab Teymour and Mansouri.
Saudi Aramco and PT Pertamina signed a Joint Venture Development Agreement (JVDA) to jointly own, upgrade and operate the Cilacap Refinery in central Java, Indonesia.
Iran will launch after January 2017 its first new-style tender to develop oil and gas fields since the lifting of sanctions, noting that the deadline to submit pre-qualification documents has been extended.
Indonesian energy giant, Pertamina, received it's first liquefied petroleum gas (LPG) cargo, of 44,000mt, from the National Iran Oil Company (NIOC), at Kalbut Port in Indonesia.
Upstream assets in Algeria, Iraq and Malaysia have pushed oil and gas production by Indonesia's Pertamina Internasional Eksplorasi and Produksi (PIEP) to surpass its target in 2016 by 15%.