Indonesia to Sign Oil, Gas Deal with Iran Sunday: Pertamina Official

News ID: 1086208 Service: Economy
ایران اندونزی

TEHRAN (Tasnim) – An official at Indonesia’s oil and gas company Pertamina said it is expected to ink an oil deal with the National Iranian Oil Company (NIOC) during an upcoming visit by the Southeast Asian country’s energy minister to Tehran.

Indonesia expects to sign an initial deal on Sunday with Iran for the purchase of crude oil and liquefied petroleum gas (LPG), the official said Friday on condition of anonymity.

He provided no further details.

An Indonesian ministry spokesman, Sujatmiko, said separately on the same day that the country’s Energy Minister Sudirman Said is scheduled to pay an official visit to Iran on Sunday, Reuters reported.

The Islamic Republic, which holds the world’s third-largest proven oil reserves and the largest natural gas reserves, has been trying to enhance its gas production by attracting foreign and domestic investment after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive nuclear deal and started implementing it on January 16.

The agreement, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

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