Global strategic cooperation between ADNOC and Pertamina

Union

On the basis of this agreement, the two sides will badess opportunities for cooperation in the energy sector, including the distribution and sale of petroleum products, refining and petrochemicals (at the source).

Bogor, Indonesia (Federation)

The Indonesian oil company, the national oil company Abu Dhabi (ADNOC), and PT Pertamina (PEREZERO), signed a comprehensive strategic cooperation agreement to explore opportunities for cooperation in various fields of the oil and gas sector in the United Arab Emirates, in Indonesia and around the world.
The agreement was signed by HE Dr. Sultan Bin Ahmed Al Jaber, Minister of State, General Manager of the Abu Dhabi National Petroleum Corporation (ADNOC) and its group of companies, and Nick Widawati, General Manager and Managing Director 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 that manages integrated activities covering all areas and stages of the Indonesian energy sector, expands and strengthens its presence abroad, produces and distributes electricity to 250 million people in Indonesia. people in Indonesia and is present in several countries, including Algeria. Iraq, Malaysia and others.
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 capacity of 1.1 million barrels per day, and is also developing renewable energy projects from a number of potential resources in Indonesia.

Industrial base
His Excellency Dr. Sultan Bin Ahmed Al Jaber said: "In accordance with wise leaders' guidance aimed at strengthening and strengthening cooperative relations, strategic partnerships and investments around the world, we are delighted to sign this Framework Agreement of Strategic cooperation with Pertamina, which aims to consolidate the close friendship between the UAE and the Republic of Indonesia, which enjoys a broad industrial base and one of the fastest growing energy markets , by offering greater opportunities for cooperation between ADNOC and Pertamina and developing projects that achieve our strategic objectives. "Joint venture." "This cooperation 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 in order to strengthen the position of ADNOC in as a global energy company.
Working groups from both sides will meet in the coming months to badess and identify key areas of strategic cooperation in the major badet portfolios and projects of both companies. Specific cooperation options should be agreed for implementation by the end of 2019.

Additional step
The new partnership is a further step in the qualitative change of ADNOC at the group level, including the value creation program, which is to stay in step with the variables of the energy and petrochemical landscape to increase flexibility and flexibility. take advantage of emerging trends and opportunities in emerging markets.
This qualitative change is supported by the development of strategic partnerships and joint investments, as well as the proactive management of the portfolio, badets and capital of the company.
For Pertamina, this collaboration is in line with its ambitious goal of entering the global energy sector and will serve as a platform to strengthen its competitiveness and strengthen its position as an international player in energy.
Pertamina is an energy company owned by the Indonesian government, which manages integrated operations covering all phases of the oil and gas sector, from exploration, development and production to refining and petrochemicals.
In addition to its activities in the production of fossil fuels such as oil and gas, Pertamina also develops a number of energy saving projects from alternative sources such as geothermal energy, energy, and energy. solar energy, biofuels and others.

The partnership with ADNOC is an important achievement
"The company plans to increase its refining capacity by adding one million barrels to its daily capacity by implementing master plan projects to develop refineries locally, and we are confident that the partnership with ADNOC will be a great opportunity." important milestone for securing Pertamina, "said Nick Widawati, managing director of Pertamina. "There is no doubt that the interest of ADNOC to participate in the oil and gas sector in Indonesia is important for the support of Pertamina to ensure energy savings for the Indonesian people."