Minister Of Energy And Mineral Resources Agrees On Cooperation With PEA On Mineral Resources

JAKARTA - The Government of the Republic of Indonesia and the United Arab Emirates (PEA) have agreed to expand the scope of bilateral cooperation, starting from information and policy exchange, collaboration between business entities, project financing, net technology transfer to human resource development.

The strengthening of the cooperation was stated through the Memorandum of Understanding (MSP) signed by the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia and the Minister of Energy and Infrastructure of PEA Suhail Mohammed Faraj Al Mazrouei.

The signing procession took place on the sidelines of the working visit of the President of the Republic of Indonesia Prabowo Subianto to meet the President of the United Arab Emirates (PEA) Mohamed bin Zayed Al Nahyan, Saturday, September 23 in Abu Dhabi, PEA.

Prior to the signing, the Minister of Energy and Mineral Resources accompanied President Prabowo to hold a bilateral meeting to exchange views on issues of common interest that would provide benefits to the two countries.

Bahlil expressed the importance of MSP for both parties in deepening the involvement and friendship of the two countries. This can be seen from the commitment of the two countries to review each other's benefits and experiences in supporting the development of the energy sector and mineral resources globally.

"We believe, with a slick synergy, Indonesia and PEA can be a pioneer in transforming global energy," Bahlil said in a statement to the media quoted on Monday, September 25.

Through PEA support, continued Bahlil, Indonesia can accelerate the development of the energy sector by utilizing innovative technology and sustainable management of mineral resources.

This is part of one of the manifestations of the Asta Cita program promoted by President Prabowo, especially related to self-sufficiency in energy and downstreaming.

"Through this MSP, we not only strengthen friendship, but create concrete solutions in overcoming energy challenges in the country and globally," continued Bahlil.

Bahlil said that this collaboration can encourage collaboration between business entities from the two countries in the field of mineral supply chains, which includes integrated midstream and downstream processing and manufacturing.

"This collaboration is part of the development of EBT, including the initiative to decarbonize, reduce emissions, and develop oil and gas activities covering upstream and downstream by encouraging technology and low-emission innovation," he added.

In detail, the implementation of the cooperation contained in the MSP, includes sharing knowledge related to policies, strategies and regulations, opening up opportunities for financing in the Carbon Capture Storage/Carbon Capture Utilization Storage (CCS/CCUS) project and developing innovative technologies for biofuels and hydrogen, as well as improving the competence of Human Resources in the energy sector.

Bahlil assessed that the expansion of this collaboration was in line with Indonesia's great vision to achieve Net Zero Emissions by 2060. The government is optimistic that the support from PEA can strengthen Indonesia's position as a key player in the global energy sector.

With the signing of this MoU, Indonesia and PEA affirm their commitment to adapt not only to changing times, but also to lead a sustainable and inclusive energy transformation.

"This is about the legacy of the energy sector that we leave behind for future generations," concluded Bahlil.