Indonesia, Iran to Discuss Iranian Crude Import Deal Next Week
Jakarta. Indonesia and Iran will negotiate next week a potential short-term agreement for 120,000 barrels per day of Iranian crude oil for a refinery in Central Java, oil officials said.
An Indonesian delegation, led by oil minister Sudirman Said, will visit Iran next week to also discuss possible import deals for Iranian liquefied petroleum gas and oil investments in the Middle East country.
"The price of Iran's crude is much cheaper ... but it can only match the Cilacap refinery," Indonesia's OPEC governor Widhyawan Prawiraatmadja told reporters late Thursday.
A Pertamina official told Reuters the state oil company is looking to import 120,000 barrels per day from Iran.
Iran is also offering five oil and gas blocks for Pertamina to invest in, Prawiraatmadja said.
Reuters
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