Tag Archives | Indonesia

Lukoil “One of the Favorites” for Iran Oil Field Development

By John Lee. Russia’s Lukoil is reported to be “one of the favourites” to win the contracts to develop Iran’s Mansouri and Shanguleh oil fields. Sputnik quotes company boss Vagit Alekperov (pictured) as saying that contracts could be signed in the next three to four months. The National Iranian Oil Company (NIOC), which announced a […]

Russian Companies Submit Plans to Develop Iran Oil Fields

Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iran’s Ministry of Petroleum announced on Monday. A memorandum of understanding for […]

Lukoil, Pertamina propose Plans to Develop Mansouri Oil Field

Proposed plans by Russia’s Lukoil and Indonesia’s Pertamina to develop the Bangestan reservoir of Mansouri oil field have been reviewed by the National Iranian Oil Company’s (NIOC) Supreme Council of Reserves. The Council made comments on the plans and the improvement of the quality of the study and the reduction of existing uncertainties, which ultimately […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

Indonesia calls for Closer Scientific Cooperation with Iran

Indonesia’s coordinating economic minister expressed his country’s willingness to boost cooperation with the Islamic Republic of Iran in diverse fields, science, and technology in particular. Speaking at a meeting with Iranian Vice-President for Science and Technology Affairs Sorena Sattari in Tehran on Tuesday, Darmin Nasution said his visit to Iran is in line with efforts […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

Iran, Indonesia Sign MoU for Cooperation in Oil, Gas

Iran and Indonesia have signed a Memorandum of Understanding (MoU) for cooperation in oil and gas. The MoU was signed by National Iranian Oil Company (NIOC) and Indonesian oil companies and Iran’s Mapna and Indonesian PLN company also signed MoUs for cooperation in oil. Indonesian President Joko Widodo had in a meeting with President Hassan Rouhani […]

Indonesia’s Pertamina to Import LPG from Iran in 2017

Indonesia’s Pertamina said the energy company is expected to sign an agreement to import Iranian liquefied petroleum gas (LPG) in 2017. “It is highly likely we will import again from the National Iranian Oil Company,” Pertamina spokeswoman Wianda Pusponegoro told reporters, according to Reuters. Pertamina plans to import up to 12 cargoes, each of which […]

Iran eyes Close Cooperation with Indonesia

Iranian President Hassan Rouhani called for expansion of trade with Indonesia and stronger cooperation in the oil and gas industry and engineering projects. In a meeting with Chairman of Indonesia’s People’s Consultative Assembly (MPR) Zulkifli Hasan in Tehran on Tuesday, President Rouhani highlighted the ample opportunities for enhancing economic relations between the two Muslim countries. […]

Indonesia Seeking Iranian Investment in Oil Projects

A senior Indonesian oil official said Jakarta has asked Iran to invest in the Southeast Asia country’s oil projects. “We have asked (Iran) to invest either in Bontang refinery (in East Kalimantan) with (state-owned oil and gas firm) Pertamina or establish its own refinery as we already allow 100 percent (foreign) ownership in the business,” […]

Iran’s First LPG Cargo Arrives in Indonesia

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 […]

Int’l Oil Firms pitch for Iran Projects

Iran has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the administration of President Hassan Rouhani. Ten companies including big European firms such as Total, Lukoil, Shell, Eni, OMV and Asian giants like CNPC, Sinopec and Pertamina […]

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 […]

Pertamina to Study Two Oil Projects in Iran

Indonesia’s state-owned oil company Pertamina has signed a memorandum of understanding (MoU) with National Iranian Oil Company (NIOC) to conduct joint studies over two major oil fields in the south of the country. The oil fields that Pertamina and the NIOC will study are Mansouri and Ab Teymour which are located in Iran’s oil-rich Khouzestan […]

India Imposes Anti-Dumping Duty on Iranian PTA

By John Lee. India has reportedly imposed anti-dumping duty in the range of US$ 85.87 to 168.76 per MT on imports of Purified Terephthalic Acid (PTA) from China PR, Iran, Indonesia, Malaysia and Taiwan. According to Business Standard News, the move follows petitions filed by domestic industry alleging dumping of goods into the country. (Source: […]

Indonesia to Import LPG from Iran

Indonesia plans to import liquefied petroleum gas (LPG) from Iran amid a shortage of LPG supplies in various regions of the country. The Indonesian government will import 588,000 tons of LPG during the 2016 to 2017 period through state-owned oil and gas company Pertamina, Antara News reported on Monday. Director of Pertamina Dwi Soetjipto said […]

Indonesia Says to Buy Stake in Iran Oil, Gas Block

A senior official at Indonesia’s energy ministry said on Monday that the country’s state energy company Pertamina plans to sign a deal to purchase a stake in an oil and gas block in Iran within a week. “The government to government agreement is done, so now (we are) following up with a company to company […]

Iran, Indonesia Ink Big LPG Deal

Iran has clinched a deal with Indonesia to sell the Southeast Asian country 80,000 tons of liquefied petroleum gas (LPG). Iranian Oil Minister Bijan Namdar Zanganeh and Indonesia’s Minister of Energy and Mineral Resources Sudirman Said signed the deal in Tehran on Monday. The LPG will be delivered to Indonesia in two cargoes. According to […]

Time Ripe for Rise in Trade with Indonesia

Iranian President Hassan Rouhani called for efforts to use the good opportunity for a jump in economic relations between Tehran and Jakarta, as a lasting nuclear deal with world powers has rid Iran of the sanctions and enabled it to reconnect to the international banking network. The removal of sanctions and reconnection of the banking […]

Indonesia’s Pertamina Seeks to Import LPG from Iran

A senior official of Indonesian state-owned energy company Pertamina said on Tuesday it plans to import liquefied petroleum gas (LPG) from Iran to meet domestic demand. The company’s Vice President of Crude Product Trading and Commercial of Integrated Supply Chain (ISC), Hasto Wibowo, said Pertamina is currently exploring opportunities to import LPG at bargain prices […]