Pertamina

--

"Indonesian state energy company Pertamina is considering placing its contract with Iran to operate the Mansouri oilfield on hold because of the threat of U.S. sanctions, director Syamsu Alam told reporters on Friday. The United States plans to reintroduce sanctions against Iran after abandoning a deal reached in late 2015 that limited Tehran’s nuclear ambitions in exchange for the removal of U.S. and European sanctions. Pertamina said in March that it had won the tender to operate Iran’s Mansouri field with 80 percent participating interest. On Friday Alam said that Pertamina would not be able to continue with the contract if there were sanctions from the United States or any other country, adding that sanctions could also create financing problems because the company might seek loans from U.S. banks." (5/11/2018) (https://af.reuters.com/article/commoditiesNews/idAFL3N1SI4U3)

The interview was conducted on Monday in the 23nd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2018), which kicked off on Sunday and will wrap up on Wednesday at the Tehran Permanent International Fairgrounds.

State energy company Pertamina [PERTM.UL] may sign a deal to import Iranian liquefied petroleum gas (LPG) in 2017 when Indonesia's president visits the country this week, company officials said on Tuesday. The LPG imports may total up to 528,000 tonnes during next year, the officials said. "It is highly likely we will import again from the National Iranian Oil Company," Pertamina spokeswoman Wianda Pusponegoro told reporters, adding that Pertamina planned to import up to 12 cargoes, each of which contains 44,000 tonnes of gas, in 2017. A deal could be signed this week during Indonesian President Joko Widodo's trip to Iran, she said. The planned purchases are part of 600,000 tonnes of LPG that Pertamina tentatively agreed to purchase in May from state-owned National Iranian Oil Co (NIOC) this year and in 2017. Pertamina is also considering buying stakes in two oil and gas blocks in Iran and had met and discussed the matter with Iran's oil minister during the recent Organization of the Petroleum Exporting Countries meeting in Vienna, Pusponegoro said.(Reuters, "Indonesia's Pertamina may sign deal with Iran for 2017 LGP imports," 12/13/2016). (http://www.reuters.com/article/us-indonesia-iran-lpg-idUSKBN1420NE)

Indonesian state-owned corporation Pertamina has voiced readiness to expand two Iranian oil fields, Abteimour and Mansouri. President and CEO of Pertamina Elia Massa Manik stated that his company surely possessed the capability to take part in development and exploration of Iranian fields." (August 20, 2017). (https://en.mehrnews.com/news/127160/Pertamina-to-develop-2-oilfields-in-Iran)

Harman, who was attending Iran Oil Show for the first time, said: “It’s the first time that I am attending Iran Oil Show. It’s very large with a very large number of exhibitors and companies attending.”" (May 8, 2018).  (http://www.tehrantimes.com/news/423361/Indonesia-s-Pertamina-considers-Iran-a-priority-in-region)

"State oil firm Pertamina said in March a refinery joint venture project with Iran may be delayed until 2016 from 2010. In 2006, Pertamina's unit PT Elnusa signed a preliminary deal with National Iranian Oil Refining and Distribution Company to build a 300,000-barrels-per-day oil refinery in Indonesia, which was expected to be completed in 2010." (Reuters, Factbook, 06/05/09) (http://in.reuters.com/article/2009/06/05/iran-energy-partners-idINL5105420220090605)

"State-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina president director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran 13 days ago by its VLGC Pertamina Gas 2 vessel, at Kalbut Port in Situbondo, East Java. According to him, the LNG shipment from the National Iranian Oil Company (NIOC) would open up other business development opportunities between Pertamina and the NIOC, in both the upstream and downstream sectors. "It marks a new chapter of cooperation between Pertamina and the NIOC and makes trade cooperation between Indonesia and Iran more significant," Dwi said in a statement on Thursday... In addition to the LPG purchase, the two state-run companies signed an agreement to conduct a preliminary study of two giant oil fields in Iran, namely Ab-Teymour and Mansouri, which have an oil reserve of more than 5 billion barrels." (Jakart Post, "Iran's first LPG cargo for Pertamina arrives in Indonesia," 10/14/2016). (http://www.thejakartapost.com/news/2016/10/13/irans-first-lpg-cargo-for-pertamina-arrives-in-indonesia.html)

"Abubakar said that Pertamina was invited to build a fertilizer plant in Iran because the oil and gas company also had cooperated with that country in the development of an oil refinery plant."(Antara News, 6/16/2010) (http://www.antaranews.com/en/news/1276705523/pertamina-asked-to-build-fertilizer-factory-in-iran)

"Indonesia’s government decided last month to freeze Pertamina’s deal to operate the Mansouri oil field in Iran because it wanted to preserve the country’s “good relationship” with the United States, Pertamina’s Acting Chief Executive Nicke Widyawati said on Tuesday. “We have a good relationship with the United States, and so, it is on hold,” Widyawati told Reuters, adding that the decision came after consultations between Indonesia’s presidency, energy and mines ministry, and Pertamina." (June 27, 2018). (https://af.reuters.com/article/commoditiesNews/idAFL8N1TS5UJ)

"The Iranian government has set a deadline of early May for Indonesia’s state-owned energy giant Pertamina to seal the deal for developing Iran’s Mansouri oil field. Pertamina claims it has secured the Iranian government’s nod to be the operator of the Mansouri field, in which the company is expected to control an 80 percent interest, while the rest will be owned by an Iranian partner. However, Pertamina upstream director Syamsu Alam said his side was still looking for partners to jointly develop the field, as it would be too risky to control the 80 percent interest alone. “We want to seal this deal as soon as possible, but we need to find partners first,” Syamsu said Wednesday." (March 28, 2018). (http://www.thejakartapost.com/news/2018/03/28/pertamina-to-take-over-irans-mansouri-field-early-may.html)

Indonesia's state-owned Pertamina is eyeing contribution to the development of Iran’s Mansouri oil field in April next year, Platts reported quoting the company’s Upstream Director Syamsu Alam. (December 30, 2017). (http://www.tehrantimes.com/news/419824/Indonesia-s-Pertamina-eyeing-Iran-s-Mansouri-oil-field-development)

"Indonesia’s state-run oil and gas company Pertamina sees cooperation with Iran as a priority for its activities in the region, Junizar Harman Dipodiwirjo, a field manager at Pertamina, said in an exclusive interview with the Tehran Times.

"The report said under the current arrangement, Pertamina and state-owned National Iranian Oil Refining and Distribution Company, or NIORDC, were to each hold a 40% stake in the refinery, with Petrofield Refining Company of Malaysia owning the remaining 20%. Pertamina and the other companies were to have signed a deal creating the joint company Monday, but will now wait until August, Hadihartini said in the report. The planned refinery, in Banten province on the main Indonesian island of Java, will in its first stage of production refine 150,000 barrels a day, of a mixture of 50% Iranian Extra Heavy Crude and 50% Iranian Heavy Crude, supplied by NIORDC, Antara said." (The Wall Street Journal, "STX Pan Ocean May Join Pertamina Refinery Consortium -Antara," 6/22/09)

"State-owned energy company Pertamina will submit proposals to the Iranian government for the exploration of two oil fields in the country, a press statement says. The statement, issued by the Office of the Coordinating Economic Minister, says the proposals will be submitted during a visit of Coordinating Economic Minister Darmin Nasution to the country from Feb. 26 to 27. 'The oil fields are located in Ab Teymour and Mansouri, Bangestan province, the eastern part of Iran,' said a press statement on Monday. Based on a study conducted by Pertamina, the oil reserves in the two fields amount to 1.5 billion barrels. 'The production potential reaches 200,000 barrel per day in each field,' the statement says. Previously, Energy and Mining Resources Deputy Minister Archandra Tahar previously expressed the government’s wish to do business in Iran." (Jakarta Post, "Indonesia Seeks Exploration of Two Oil Fields in Iran," 2/27/2017). (http://www.thejakartapost.com/news/2017/02/27/indonesia-seeks-exploration-of-two-oil-fields-in-iran.html)