8 March 2018

Nigeria: How Crude Helps Indonesia Achieve Energy Sufficiency - Official

Nigeria's crude oil has helped Indonesia achieve energy sufficiency, the Head of Economic Affairs of the Indonesian Embassy, Dwiyatna Widinugraha, has said.

He made this known when he led a delegation from his country on a courtesy call on the Group Managing Director of the the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru on Wednesday, at the NNPC towers in Abuja, a statement sent to PREMIUM TIMES revealed.

The statement was sent on Wednesday and signed by the Group General Manager, Public Affairs Division of the NNPC, Ndu Ughamadu.

Mr. Widinugraha, when discussing the purpose for his visit added that his country "is in need of increased crude oil allocation from Nigeria".

"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 and would love to have a Government-to-Government arrangement with Nigeria in that regard", the statement said.

Buttressing the head of Economic Affairs point, the Vice President of Pertamina, the Indonesian National Oil Company, Anizar Burlian, said the delegation was 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".

"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," Mr. Burlian stated.

He also indicated interest in opportunities in the Nigerian upstream, midstream and downstream sectors of the Nigerian oil industry.

LResponding on behalf of the corporation, Adokiye Tombomieye who represented the Group General Manager, Crude Oil Marketing Division COMD), Mele Kyari, said NNPC would be consistent in assisting Indonesia in the area of crude oil supply.

He also said that the request for a government-to-government crude supply arrangement should be routed through the Nigerian President, Muhammadu Buhari.

Concerning investment, the corporation advised the team to articulate its request in a proposal to enable the management "review and act accordingly".


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