Indonesia | Egypt Oil & Gas - Part 5
Iran, Indonesia Signed MoU on Petrochemical Cooperation
Iran’s Petrochemical Commercial Company (PCC) recently signed a memorandum of understanding (MoU) with Indonesia’s state-run oil and natural gas corporation based in Jakarta, Pertamina, on petrochemical co...
Iran to Build $8.4b Indonesian Refinery
The Head of Iran’s Petrochemical, Gas, and Oil Exporters’ Union, Hassan Khosrojerdi, announced that Iran will develop a 300,000 b/d refinery in Indonesia worth $8.5b with funds provided by Chinese and European parties...
Indonesia to Sign Oil MoU with Iran
Indonesia’s state-owned energy company Pertamina will sign a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) in August. The MoU will allow Pertamina to evaluate and assess up to fo...
Indonesian Pertamina Acquires Two Russian Oil, Gas Blocks
Indonesian state-owned energy company Pertamina has officially signed a framework agreement in the oil and gas sector with the Russian energy giant Rosneft, Jakarta Globe reported. Under the agreement, Rosneft will bu...
Russian Rosneft Seeking Partners in Indonesia
Russian giant Rosneft is aiming to expand its list of strategic partners in Asia via Indonesia, seeking to accelerate the already initiated sale of assets to Indian companies, according to Russia and India Report. As ...
Indonesian Company to Sell its 75% in Gas Block in Mozambique
Indonesian oil mining firm, Energi Mega Persada A, said it would sell its 75% stake in the gas block in Buzi, in Central Mozambique, worth $96.25m to an unknown strategic investor in Africa, MacauHub reported. The com...
Total to Cut Spending in Indonesia’s Aging Gas Block
France’s Total announced its plan to cut its spending in Indonesia’s giant Mahakam gas block by 42% to $1.1b in 2016, down from $1.9b in 2015, Platts reported. The move comes as a result of lower oil and g...
Indonesia’s Return to OPEC Raises Production Level, Quota Issues
In September, OPEC announced Indonesia’s return to the organization after 7 years of suspension. Indonesia’s return to the cartel, starting with the December policy meeting, will raise the issue of necessary changes t...
