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Indonesia's oil company eyes Iranian oil block

Indonesia's oil company eyes Iranian oil block

Write: Lowan [2011-05-20]
JAKARTA, Oct. 23 (Xinhua) -- After winning an oil and gas tender in Qatar recently, Indonesia's state oil and gas company PTPertamina is now setting its sights on an exploration right in Iran.

"We are biding for the Laleh block," Pertamina upstream director Sukusen Soemarinda was quoted Tuesday by English daily The Jakarta Post as saying.

He referred to one of 17 oil and gas blocks that the Iranian government currently puts on offer.

"We have partnered with several other firms in this venture, yet we cannot disclose them," he added.

Only recently, Pertamina had teamed up with German-based company Wintershall, a subsidiary of German chemical giant BASF, in securing an exploration right on an onshore oil block in Qatar.


Pertamina holds a 25 percent interest in the block, with Wintershall controlling the remaining 75 percent, rendering the company the operator of the block.

The commercial production of the Qatari onshore oil block is not expected to start until the end of 2008 or early 2009.