Pertamina

Energy
Indonesia

pcc@pertamina.com

"State-owned energy company Pertamina will submit proposals to the Iranian government for the exploration of two oil fields in the country, a press statement says. The statement, issued by the Office of the Coordinating Economic Minister, says the proposals will be submitted during a visit of Coordinating Economic Minister Darmin Nasution to the country from Feb. 26 to 27. 'The oil fields are located in Ab Teymour and Mansouri, Bangestan province, the eastern part of Iran,' said a press statement on Monday. Based on a study conducted by Pertamina, the oil reserves in the two fields amount to 1.5 billion barrels. 'The production potential reaches 200,000 barrel per day in each field,' the statement says. Previously, Energy and Mining Resources Deputy Minister Archandra Tahar previously expressed the government’s wish to do business in Iran." (Jakarta Post, "Indonesia Seeks Exploration of Two Oil Fields in Iran," 2/27/2017).

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State energy company Pertamina [PERTM.UL] may sign a deal to import Iranian liquefied petroleum gas (LPG) in 2017 when Indonesia's president visits the country this week, company officials said on Tuesday. The LPG imports may total up to 528,000 tonnes during next year, the officials said. "It is highly likely we will import again from the National Iranian Oil Company," Pertamina spokeswoman Wianda Pusponegoro told reporters, adding that Pertamina planned to import up to 12 cargoes, each of which contains 44,000 tonnes of gas, in 2017. A deal could be signed this week during Indonesian President Joko Widodo's trip to Iran, she said. The planned purchases are part of 600,000 tonnes of LPG that Pertamina tentatively agreed to purchase in May from state-owned National Iranian Oil Co (NIOC) this year and in 2017. Pertamina is also considering buying stakes in two oil and gas blocks in Iran and had met and discussed the matter with Iran's oil minister during the recent Organization of the Petroleum Exporting Countries meeting in Vienna, Pusponegoro said.(Reuters, "Indonesia's Pertamina may sign deal with Iran for 2017 LGP imports," 12/13/2016).

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"State-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina president director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran 13 days ago by its VLGC Pertamina Gas 2 vessel, at Kalbut Port in Situbondo, East Java. According to him, the LNG shipment from the National Iranian Oil Company (NIOC) would open up other business development opportunities between Pertamina and the NIOC, in both the upstream and downstream sectors. "It marks a new chapter of cooperation between Pertamina and the NIOC and makes trade cooperation between Indonesia and Iran more significant," Dwi said in a statement on Thursday... In addition to the LPG purchase, the two state-run companies signed an agreement to conduct a preliminary study of two giant oil fields in Iran, namely Ab-Teymour and Mansouri, which have an oil reserve of more than 5 billion barrels." (Jakart Post, "Iran's first LPG cargo for Pertamina arrives in Indonesia," 10/14/2016).

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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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