Jul. 00 - Pertamina and IOC Sign Oil and Gas Supply MOU

Source Company Web Site
Company Indian Oil Corporation LimitedPertamina 
Tags LNG & Gas Storage/Processing, Refining & Marketing Activities
Date July 22, 2000

In July 2000 Pertaminaand the Indian Oil Corporationsigned a memorandum of understanding on oil and gas cooperation. The MOU covers exploration and production activities, oil and LNG marketing and trade, refining, upgrading of gas facilities, information technology, consulting services and other business opportunities for mutual benefit. Indonesia is expected to supply India’s requirements of 1.8 MMT, million metric ton, of LNG per annum in the years to come. The MOU is not a sales agreement but a response of the previous talk on the existing figures and projections of India’s need of oil and gas.

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