Young Journalists Club | Latest news of Iran and world

News ID: 5748
Iran » Iran
Publish Date: 18:37 - 15 December 2014
Tehran, YJC. National Iranian Oil Company Director of international affairs said initial negotiations to export oil to Indonesia are over, but the final and definite deal is yet to be reached.

Mohsen Ghamsari reiterated that there are technical problems to export Iranian oil to Indonesia and its refineries.

Regarding the sanctions, Ghamsari said that the deal was not inked yet and that the amount of export would be in accordance with agreements.

He, nonetheless, said that there is no obstacle for Indonesia to import Iran’s oil as it stands among the countries that could do so.

An Indonesian official had Recently announced the country's readiness to buy oil from Iran. He noted that this trade was based on Indonesian government’s plan to improve petroleum import in order to increase oil resources in its refineries.

The Indonesian minister of Energy and Mine Resources further had asserted "this is because we are going to face difficulties in oil production in the near future. We have to make sure about our resources, thus we have to import petroleum.” He added that Indonesia does not want to depend on limited number of oil producing countries and is looking for more providers in the oil market.

Currently Indonesia has the capacity of refining one million barrels of oil which is something about 2/3 of its need.

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