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Indonesia eyes crude oil imports from Iran

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Staff writer ▼ | May 29, 2015
Indonesia oil
Oil energy business   Indonesia and Iran to cooperate in the upstream sector

Indonesia is seeking crude supplies from Iran to meet its demand which is expected to rise significantly should the Southeast Asian nation's refinery expansion plans materialize.

"Indonesian energy minister Sudirman Said met with Iran's oil minister Bijan Namdar Zangeneh last week. We agreed on two things - Indonesia to buy Iranian crude and Iran allows Indonesia to participate in upstream business there," Dadan Kusdiana, spokesman at the energy and mines ministry said.

The crude volume that Indonesia is looking to import from Iran has not been decided yet, Kusdiana said.

Both countries have agreed to cooperate in the upstream sector and Indonesia is also considering cooperating with Iran in engineering and technical services, especially for refineries and storage facilities, he said.

Indonesia's crude imports from Iran are not conditional on sanctions getting lifted.


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