Police on Tuesday (25/07) said they have questioned two former directors of state-owned oil and gas company Pertamina in an investigation into the company's asset sale. (Reuters Photo/Beawiharta)

Pertamina to Buy 1 Mln Barrels of Iranian Crude in Q1 2017: CEO

BY :WILDA ASMARINI

DECEMBER 19, 2016

Jakarta. State energy company Pertamina will buy 1 million barrels of Iranian crude oil, expected to be delivered in the first quarter of 2017, its chief executive Dwi Soetjipto told reporters on Monday (19/12).

“We will try to bring in .. for the Cilacap refinery about 1 million barrels for experiment. When we know the result, the yield, then we could negotiate for the long term,” Soetjipto said.

He also said Pertamina will submit proposals for its plan to purchase stakes in two oil and gas blocks in Iran by the end of February.

Last week, Indonesia announced it will import around 500,000 metric tonnes of liquefied petroleum gas (LPG) from Iran in 2017, according to a government statement.

Reuters

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