Indonesia Signs Oil Deal With Angola

Indonesia Signs Oil Deal With Angola

From Jakata Post

President Joko “Jokowi” Widodo has signed a Memorandum of Understanding (MoU) forging an energy deal with the African nation of Angola.

“This MoU between [state energy company] PT Pertamina and Angolan energy company Sonangol is the first official bilateral agreement of my government,” Jokowi said on Friday, as quoted by kompas.com.

The signing was attended by Angolan Vice President Manuel Domingos Vicente, as well as Foreign Minister Retno LP Marsudi, Energy and Mineral Resources Minister Sudirman Said and acting Pertamina president director Muhammad Husen, at Merdeka Palace.

Jokowi added that the cooperation between the two state-owned companies would involve petroleum production and crude oil imports, which would take place in a week’s time. The framework agreement between the two companies elaborates also on upstream production development.


Read more at Jakata Post