JAKARTA - Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot held a bilateral meeting with Deputy Minister of Upstream Affairs, Ministry of Oil of the Republic of Iraq, Basim Mohammed Kudhair, on Tuesday, December 16 in Jakarta.
The meeting discussed the potential for strengthening strategic cooperation in the oil and gas sector between the Government of the Republic of Indonesia and the Government of the Republic of Iraq, which is aimed at involving PT Pertamina International EP (PIEP) as an operational implementer in the upstream oil and gas sector, especially in supporting the development of oil and gas fields in Iraq as well as strengthening efforts to achieve Asta Cita and national energy self-sufficiency.
"The Indonesian government is committed to encouraging mutually beneficial and sustainable oil and gas cooperation, not only to strengthen national energy resilience, but also to provide added value for both countries through capacity building and knowledge transfer," Yuliot said in a statement to the media, Tuesday, December 16.
In line with the discussion, Yuliot emphasized the commitment of the Indonesian Government to encourage mutually beneficial, sustainable partnerships, and provide added value for both countries.
Yuliot hopes that this cooperation will not only bring prosperity to both countries, but also strengthen cooperation between Muslim countries.
Indonesian-Iraqi cooperation in the oil and gas sector is currently being prepared through the framework of a Memorandum of Understanding (MoU) between governments that has been submitted to Iraq through diplomatic mechanisms and is currently in the process of discussion.
The scope of cooperation discussed includes facilitation of oil and gas trade and investment, improvement of technology transfer and exchange of expertise, implementation of joint research and human resource capacity building activities.
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In addition, cooperation is also directed to open opportunities for participation of state-owned enterprises in Indonesia in the oil and gas projects in Iraq as well as strengthening coordination between the two countries.
Other cooperation that was also discussed includes capacity building (training and universities), study and management of seismic data, and drilling.
"The existence of a MoU in the field of oil and gas and energy will open up greater opportunities for cooperation between the two countries in the energy sector," said Deputy Minister of Upstream Affairs Irak Basim Mohammed Kudhair.
Currently, PIEP has a participating interest of 20 percent in one of Iraq's oil fields. The Iraqi government invited Indonesia through Pertamina not only to manage oil fields that have been producing, but also to explore the exploration of 'green' oil fields within the framework of Joint Venture.
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