INDONESIA SEEKS TO IRAN

JAKARTA, May 30 -- Indonesia's oil and gas company PT Pertamina seeks the possibility to develop oil and gas fields in Iran and import liquefied natural gas (LPG) from the Middle East country, top official of the firm said here on Monday.

President Director of PT Pertamina Dwi Soetjipto said that the firm plans to cooperate with Iran on refining crude oil there.

He said that PT Pertamina has taken parts in several auctions on development of oil and gas fields in Iran.

"We are also ready to cooperate on crude oil refinery."

On LPG import plan, Soetjipto disclosed that the prices of the commodity are cheaper compared with those in other producer countries.

On May 26, PT Pertamina inked a deal on oil and gas cooperation with Russia's oil and gas firm Rosneft.

One of the deals was the cooperation on development of Grass Root Refinery in Tuban of East Java province in Indonesia.

Indonesia will start importing LNG in 2019 to meet rising energy demand, but the government will keep protecting the country' s upstream gas industry, Wiratmaja Puja, director general for oil and gas in energy and mineral resources ministry, has said.

apdnews.com

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Earlier:

PERTAMINA NEED 51%

ROSNEFT & PERTAMINA COOPERATION

INDONESIA OIL UP 835,000

IRANIAN OIL & SANCTIONS

INDONESIA WOULDN'T TRY

SAUDI INVESTMENT TO INDONESIA

CONOCO SELLS INDONESIA

INDONESIA NEED OIL

INDONESIA’S SHORTFALL: $21 BLN