Tag Archives: Pertamina

Pertamina is an Indonesian state-owned oil and natural gas corporation based in Jakarta.

Pertamina. which owns 55 percent of both projects. was previously the sole off-taker of output by the Cilacap and Tuban refineries.

Pertamina and NIOC signed a memorandum of understanding (MoU) to carry out a preliminary study on the oil and gas fields.

Iran and Indonesia intend to augment bilateral trade to $2 billion in 2017.

Pertamina has signed a joint venture agreement with Aramco for the Cilacap refinery upgrade with a total investment value of around US$5.8 billion.

The Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.

The company will allocate $1 billion to expand the fields in the first phase and if required.

The sanctions removal in January 2016 revived the incapacitated oil sector.

Oil ministry is in talks with oil and gas giants for $70 billion worth of development projects.