Indonesia, Azerbaijan to sign memorandum on energy cooperation

Jakarta (Indonesia Window) – Indonesia and Azerbaijan will sign a memorandum in the energy sector, according to Trend News Agency quoting the Azerbaijan Ministry of Energy.

The statement was made at a meeting via a video conference between Azerbaijani Minister of Energy Parviz Shahbazov and Indonesian Extraordinary and Plenipotentiary Ambassador to Azerbaijan Husnan Bey Fananie.

“The current state and prospects of cooperation between Azerbaijan and Indonesia in the energy sector were also discussed during the meeting. The issues of cooperation between SOCAR and Pertamina (Indonesian oil and gas company) on the development of oil and gas fields were considered,” the ministry said.

The two parties highlighted readiness for the signing of Memorandum about Mutual Understanding on energy cooperation between the Azerbaijani Energy Ministry and the Indonesian Ministry of Energy and Mineral Resources.

The sides noted the expediency of signing the document during the visit of the Indonesian Minister of Energy and Mineral Resources of Indonesia, Arifin Tasrif, to Azerbaijan.

Since 2007, the State Oil Company of Azerbaijan (SOCAR) has been exporting crude oil to Indonesia.

From 2007 through 2019, the company delivered a total of 25.1 million tons of crude oil to the country.

Reporting by Indonesia Window