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2016-08-18 18:30:00

IRAN & INDONESIA AGREEMENT

IRAN & INDONESIA AGREEMENT

AOG wrote, Indonesia's Pertamina has signed a deal with Petrochemical Commercial Company (PCC) of Iran for the import of refined petroleum and petrochemical products.

Under the agreement, Pertamina will directly import Liquefied Petroleum Gas (LPG), polymers, gas condensate and bitumen from PCC, while PCC will buy aromatics from the Indonesian state run firm.

An executive team comprising representatives from both companies will be formed to help implement the agreement. They will also be tasked with drafting a plan to expand commercial activities between the two firms.

Speaking during the signing ceremony, PCC's managing director Mehdi Sharifi Niknafas, said the company is seeking to "reinvigorate its commercial activities worldwide."

Pertamina said in June it expects to sign an agreement with the National Iranian Oil Company to evaluate investment in two oil and gas blocks, eventually ship the crude produced at the site for processing at Indonesian refineries.

The company would also be looking to develop and manage the field, which, if successful, would be Indonesia's first investment in Iran's upstream sector.

In May, Pertamina inked an agreement to purchase 600,000 tonnes of liquefied petroleum gas (LPG) from Iran.

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Earlier:

IRAN: 

IRAN NEED $50 BLN 

IRANIAN OIL UP TO 2.5 MBPD 

IRAN - INDONESIA COOPERATION 

NEW IRAN'S CONDITIONS 

IRAN & RUSSIA STRATEGIC COOPERATION

 

INDONESIA: 

INDONESIA STARTS OUTPUT 

PERTAMINA SEEK PARTNERS 

INDONESIA & BP: 10,000 JOBS 

INDONESIA HAS CLAIMS 

WBG WANTS INDONESIA

 

 

Tags: IRAN, INDONESIA, OIL, GAS, LPG

Chronicle:

IRAN & INDONESIA AGREEMENT
2018, May, 23, 10:21:00

IRAN - EUROPE NUCLEAR

WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."

IRAN & INDONESIA AGREEMENT
2018, May, 23, 10:15:00

NO OIL FUTURE 2040

BLOOMBERG - Natural gas will probably emerge as the main fossil fuel “winner” as it balances renewables in power generation and is used as a substitute for oil in petrochemicals. Long-term gas demand is set to increase by 15 percent, or by 750 billion cubic meters, compared to business as usual,

IRAN & INDONESIA AGREEMENT
2018, May, 23, 10:10:00

CLEAN NUCLEAR FUTURE

WNN - The United States, Canada, and Japan are launching the Nuclear Innovation: Clean Energy (NICE) Future Initiative. This global effort will make sure nuclear has a seat at the table during discussions about innovation and advanced clean energy systems of the future.

IRAN & INDONESIA AGREEMENT
2018, May, 23, 10:05:00

ARABIAN OIL FOR INDIA

AOG - The agreement between ADNOC and ISPRL, which was initiated in January 2017 during a visit to India by a high-ranking UAE delegation, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, covers the storage of 5.86 million barrels of ADNOC crude oil in underground facilities, at the Karnataka facility. The first shipment, of approximately two million barrels of crude oil, will be followed by further shipments after India’s annual monsoon season.

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