Indonesia to buy more of Nigeria’s crude oil
The Nigerian National Petroleum Corporation, NNPC, stated that Indonesia has expressed its intention to increase its purchase of crude oil from Nigeria.
According to a statement by the NNPC in Abuja, Head of Economic Affairs of the Indonesian Embassy, Mr. Dwiyatna Widinugraha, who disclosed this during a visit to the NNPC, stated that the country is seeking a Government-to-Government arrangement with Nigeria to facilitate the deal.
Widinugraha commended NNPC for its support in crude oil supply which has helped Indonesia to achieve energy sufficiency, adding that the country needed further assistance in the form of increased crude oil allocation.
He stated that Indonesia with a population of more than 250 million people needed about 1.6 million barrels of crude oil daily to meet its burgeoning energy needs as an emerging economy.
Shedding more light on their mission, Vice President of Pertamina, the Indonesian National Oil Company, Mr. Anizar Burlian, said they were in Abuja to thank Nigeria for helping them meet their local oil demand and to further explore better arrangements of buying the country’s very high grade crude oil.
He said, “Over the years, we have bought huge amount of crude oil from Nigeria. We are extremely happy to buy more Nigerian crude oil which is globally rated to be of very high grade and which is very suitable for our refineries.”
He said they were also interested in investment opportunities in the Nigerian upstream, midstream and downstream sectors of the Nigerian oil industry.
Responding on behalf of the NNPC, Group General Manager, Crude Oil Marketing Division (COMD), Mr. Mele Kyari, said NNPC would continue to assist Indonesia in the area of crude oil supply, adding that the request for a government-to-government crude supply arrangement should be routed through the President of Nigeria.
On investment, Kyari who was represented by Mr Adokiye Tombomieye, advised the team to articulate their request in a proposal to enable Management review and act accordingly.