Indonesia buys $3.8bn oil & gas from Nigeria in 2023


*Permanent Secretary, Federal Ministry of Petroleum Resources, Amb. Nicholas Ella, with Indonesian Ambassador to Nigeria, Dr. H. Usra Hendra Harahap, on Thursday.

– Seeks collaboration with Nigeria on oil &gas development

Mkpoikana Udoma

Port Harcourt — The Republic of Indonesia imported over $3.8billion worth of crude oil and gas from Nigeria in 2023 alone, Indonesian Ambassador to Nigeria, Dr. H. Usra Hendra Harahap, has announced.

To this end, Indonesia has expressed her desire to foster and sustain the existing collaboration with Nigeria, particularly on the development of the nation’s oil and gas sector.

Harahap stressed the need for Nigeria and Indonesia to resume discussions on the establishment of a Memorandum of Understanding, MoU, on the oil and gas sector which he said had been suspended since 2017.

The Indonesian envoy disclosed these during a courtesy visit to the Permanent Secretary, Federal Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella, in Abuja.

He stated that an MoU would help bolster collaboration in the sector, citing the offer by the Enugu State Government in 2023 to build a 500-megawatt capacity gas power plant.

“We are looking for ways to maintain and improve a beneficial cooperation and relationship that we (Nigeria and Indonesia) have held for the past 59 years.

“Oil and gas sector of the economy is of common interest to our two countries and we would want to explore areas of more collaboration with Nigeria in this regard.”

Responding, the Permanent Secretary, Federal Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella, said Indonesia had been a good friend of Nigeria, noting that the visit would help improve the relationship between the two countries in promoting Nigeria’s oil and gas for mutual benefits.

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While assuring the Ambassador that the issues around the MoU and Enugu gas plant would be looked into, he assured that other areas of collaboration and mutual interests would be explored.



This article was originally posted at sweetcrudereports.com

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