Indonesia’s Pertamina Eyes Iraq

By John Lee.

Pertamina, Indonesia’s state-owned oil and gas company, has said it is considering expanding its upstream business in Iraq.

The company’s investment planning and risk-management director, Afdal Bahaudin, told The Jakarta Post that the second-largest oil producer in the country would keep on searching for producing onshore oil fields available to purchase in a bid to boost its output.

Pertamina president director Karen Agustiawan (pictured) said that Pertamina would look at other options to acquire overseas oil blocks such as in Iraq, whose Deputy Energy Minister Hussain al-Shahristani she met last year to discuss the possibility of acquiring stakes in the country.

“We may have the chance to work with [France-based] Total there,” she said.

(Source: Jakarta Post)

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