Iran, Indonesia Review Energy Cooperation

Iran, Indonesia Review Energy Cooperation

Monday, August 14th 2006

Indonesian President’s special envoy and Coordinating Minister for Economic Affairs, heading a high-ranking delegation, met with Iranian Oil Minister here on Saturday and discussed expansion of the two countries’ joint economic cooperation, in the energy sector in particular.

During the meeting, the Indonesian delegation stated enthusiasm for partnership in oil, petrochemical and exploration areas and further mentioned the country’s preparedness for participating in the Information Technology (IT) projects of the National Iranian Oil Company, an Oil Ministry statement said.

Also during the meeting, Indonesian officials demanded export of Iran’s chemical fertilizer to their country and stated enthusiasm for making investments in chemical fertilizer production in the region of Assaluyeh and its subsequent export to Indonesia.

Owing to the same reason, the delegation is due to pay a visit to Pars Special Energy Zone in Assaluyeh region.

The two sides have already agreed on joint ventures in the construction of refineries and petrochemical facilities, including Iran’s investment in the establishment of a heavy oil refinery in Indonesia and Jakarta’s investment in the construction of a gas liquefaction refinery in Iran.

The two groups of officials also emphasized on the two countries’ joint ventures in the establishment of petrochemical plants in Iran.

Also during the meeting, Indonesian President’s special envoy and Coordinating Minister for Economic Affairs Alavi Shahab called for direct flights between Tehran and Jakarta in a bid to promote and develop tourism industry between the two countries.

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