Indonesia to develop 2 oilfields in Iran

Pertamina is certain about its ability to participate in developing and exploring Iranian fields, Indonesian media quoted President and CEO of Pertamina Elia Massa Manik as saying.

National Iranian Oil Company (NIOC) and Pertamina Company had earlier signed MoU and confidentiality agreement.

The MoU aimed at studying the two mentioned oil fields.

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

It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established 1957).

The firm is currently (2013) the second-largest crude oil producer in Indonesia behind the US-based Chevron Pacific Indonesia.

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