Stella Dimoko Korkus.com: Indonesia Wants To Purchase More Crude Oil From Nigeria

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Wednesday, May 31, 2017

Indonesia Wants To Purchase More Crude Oil From Nigeria

Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.




Indonesian Ambassador to Nigeria, Mr. Harry Purwanto, who stated this in Abuja when he paid a courtesy visit to the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru, explained that his Country’s President Joko Widodo, had instructed Indonesia National Oil Company, Pertamina, to direct its attention to Nigeria in its quest to meet that country’s surging energy needs.


The call by the ambassador signifies the prospects of soaring Nigeria’s market share in Asian emerging economies which include China and India, having lost grounds in crude oil sales in the United State of America due to advances in shale oil exploration in recent years.

 Although Indonesia produces 900,000 barrels of crude oil per day, its supplements its 1.4million barrels per day consumption with supplies from Nigeria, 18 per cent and Saudi Arabia, 28 per cent.

Speaking during the visit of the ambassador to his office, Dr Baru, who welcomed the development, said NNPC was interested in working with Indonesia on its initiative to replace firewood and kerosene with Liquefied Petroleum Gas (LPG) as primary domestic fuel for cooking.


Dr Baru said the corporation was aware of the huge success of the kerosene substitution programme in Indonesia and would like a collaboration to help Nigeria achieve a similar feat.
The GMD said NNPC would also like to partner with Indonesia in the area of bio-fuels production to diversify the nation’s energy mix and meet its energy needs.


He challenged Indonesia to consider participating in the forthcoming bid round in order to realize its aspiration of maintaining a presence in the Nigerian oil and gas sector.

Culled from nnpcgroup.com


5 comments:

  1. Don't sellnour oil again ooo. Use it to produce bye products and export

    ReplyDelete
  2. They should release all Nigerian prisoners to complete their terms in Nigeria , then we can sell our oil to them at a good price.
    I've not heard them sentence any American or British citizen yet, does it mean those people don't do drugs in Asian countries?

    ReplyDelete
  3. Hhmmmm... Buying more crude oil from us equals more money to be embezzled by our 'dear politicians!'

    ReplyDelete

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