Pertamina, Indonesia’s state-owned oil company has recently signed a memorandum of understanding (MoU) with National Iranian Oil Company (NIOC) to conduct joint studies over two major oil fields in the south of the country.
The oil fields that Pertamina and the NIOC will study are Mansouri and Ab Teymour which are located in Iran’s oil-rich Khouzestan province and contain an estimated total reserve of more than 5 billion barrels.
The two companies also signed a so-called “secret deal” to guarantee the confidentiality of the findings. "Iran is one of Pertamina’s priorities. We’re serious about investing in Iran’s upstream oil and gas, which will help Iran to increase its oil production," Reuters has quoted Pertamina CEO Dwi Soetjipto as saying in a statement.
Pertamina has also declared that it would import its first shipment of liquid petroleum gas (LPG) from Iran in September. The company announced in May that it had agreed to purchase 600,000 tons of LPG from state-owned marketer National Iranian Oil Co (NIOC), Reuters added.