ADNOC signs oil and gas deal with Pertamina

Abu Dhabi's national oil company (ADNOC) has signed an agreement with the Indonesian state energy company PT Pertamina to cooperate in the oil and gas sectors in both countries and around the world.

HE Sultan bin Ahmed Al Jaber, Minister of State and Chairman of the National Media Council, President and CEO of the National Oil Company of Abu Dhabi (ADNOC) and its group of companies, announced the signing of a comprehensive strategic cooperation agreement between ADNOC and PT Pertamina (Piercero) In line with prudent leadership guidelines aimed at promoting and strengthening cooperative relationships, strategic partnerships and investments worldwide.

He said the framework agreement reflected the close friendship between the UAE and the Republic of Indonesia, which has a broad industrial base and is one of the largest markets in the world. 39, fastest growing energy, offering greater opportunities for cooperation between ADNOC and Pertamina and developing projects Our common strategic objectives.

"This collaboration with Pertamina underscores ADNOC's desire to increase the value of all aspects of our portfolio and supports our ambitious goals of expanding our international investments to further strengthen the position of ADNOC as a whole. as a global energy company. "

Evaluation of opportunities

The agreement was signed by Dr. Sultan Ahmed Al Jaber and Ms. Nick Widawati, General Manager and General Manager of Pertamina.

According to the strategic cooperation framework agreement, the two parties will evaluate the possibilities of cooperation in the fields of exploration, development, production, distribution and sale of petroleum products, refining and petrochemicals.

The projects under review cover exploration, development and production in the oil and gas sector of the United Arab Emirates, as well as refineries, petrochemicals, liquefied natural gas (LNG), liquefied petroleum gas ( LPG), jet fuel sales and retail sales in Indonesia. In the fields of transport, trade and storage in the United Arab Emirates, Indonesia and the world.

Pertamina is an Indonesian public energy company, which manages integrated activities in all sectors and at all stages of the Indonesian energy sector, and is expanding its presence abroad.

The company produces and distributes energy products such as fuel, lubricants, LPG, LNG and petrochemicals. Pertamina currently owns six refineries in Indonesia, with a total production capacity of 1.1 million barrels per day, and is also developing renewable energy projects from a number of potential resources in Indonesia.

Supply insurance

"Pertamina plans to increase its refining capacity by adding one million barrels to its daily capacity through the implementation of master plan projects for the development of refineries and refineries locally," said Nick Widawati. "He is confident that the partnership with ADNOC represents an important step for Pertamina, from the outside, noting that the interest of the ADNOC to participate in the oil and gas sector in Indonesia is important to help Pertamina to provide energy to the Indonesian people.