Indonesia, Iran to Step Up Cooperation

By John Lee.

Indonesian Vice President Jusuf Kalla and Iran’s President Hassan Rouhani have agreed to step up economic cooperation.

Indonesia and Iran continue to explore economic cooperation, such as in energy as well as oil and gas sectors, including LPG supply from Iran and a preliminary study between Indonesia’s state-owned energy company Pertamina and the National Iranian Oil Company (NIOC) to develop two oil fields in Iran.

In 2015, total trade between Indonesia and Iran amounted to $273 million. Indonesian exports to Iran include palm oil, paper and paper products, textile raw materials, tires, rubber, chocolate powder, coffee beans, cartons and wood products.

(Source: Tempo)

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