google.com, pub-9591068673925608, DIRECT, f08c47fec0942fa0 Pertamina’s oil Field deal frozen - MEDIA MONITORING OIL AND GAS -->

Monday, July 2, 2018

Pertamina’s oil Field deal frozen



   Indonesias 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

Nicke Widyawati

”We have a good relationship with the US, 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.

Widyawati made the comments at an event on the sidelines of a global natural gas conference in Washington. She would not say whether the Mansouri project was likely to be revived in the future. The US State Department on Tuesday said it was pushing allies to cut their crude imports from Iran to zero as part o.f renewed sanctions it is imposing after President Donald Trump abandoned a deal reached in late 2015 that limited Tehran's nuclear ambitions.

the Mansouri project

Indonesia, a former Organization of the Petroleum Exporting Countries (OPEC)\member, is becoming a growing energy trading partner with the US, with a 20-year liquefied natural gas supply deal with US exporter Cheniere Energy that begins this year. Widyawati said some portion of early deliveries from that deal would likely be resold by Pertamina’s trading operation, since |ndonesia’s own gas production will likely meet domestic demand until at least 2020.

”Yes, some of it will be resold,” she said.

She said, however, Indonesian gas demand would rise sharply in the coming years -due to new petrochemicals facilities and a gas-fired power plant coming on line

Jakarta Post, Page-14, Thursday, June 28, 2018

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