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Indonesian officials announced that they are mulling purchase of crude oil from Iran through long-term supply agreements.
Indonesia has purchased one million barrels of oil from Iran for a related compatibility check with its refineries and once the check is successful. Jakarta would proceed with sealing a long-term supply deal with Tehran in the near future. the visiting Indonesian Coordinating Minister for Economic Affairs Darmin Nasution said in Tehran on Sunday.
Nasution. who is heading a major trade delegation to Tehran. said that Indonesia was also interested in purchasing liquefied petroleum gas (LPG) from Iran.
In a relevant development in late December. Indonesian President Joko Widodo underlined that his country is seeking to take part in the development of two oilfields in Iran.
I hope a team from here would soon make preparation to the Iranian counterparts that operation of the two oil fields would be awarded to Indonesia. President Joko said in a cabinet meeting discussing the result of his state visit to Iran in December.
The Indonesian president said in addition to the oil sector. the two countries could cooperate in the development of power plants and possible imports of liquefied petroleum gas at a more reasonable price from Iran.
He said during the visit. Indonesia and Iran agreed to build an oil refinery in Indonesia at a cost of US$5 billion with a processing capacity of 300.000 barrels of crude oil per day.
