Jakarta, CNBC Indonesia – Oil and gas state-owned holding, PT Pertamina (Persero) signed a bilateral cooperation with a giant US oil producer, ExxonMobil, one of which is related to green technology.
ExxonMobil, headquartered in Texas, USA, is an oil producer and retailer formed on November 30, 1999 and listed on the New York Stock Exchange (NYSE) under the stock code SOM.
Previously, through ExxonMobil Cepu Limited, they had signed the Cepu Cooperation Contract (KKS) on September 17, 2005, covering the Cepu contract area in Central Java and East Java.
Indonesian Minister of Foreign Affairs Retno Marsudi said the meeting with ExxonMobil was held in Los Angeles (LA) and Houston during her joint visit. Deputy Minister (Wamen) I BUMN Pahala Nugraha Mansury and Deputy Minister of Health (Wamenkes) Dante Saksono Harbuwono.
The meeting with ExxonMobil is a form of cooperation between the Ministry of Foreign Affairs and the Ministry of SOEs to support Go-Global SOEs.
“The point is to support BUMN cooperation with the outside world, including strategic outward investment. This cooperation has an important meaning, especially in an effort to meet domestic energy needs and support the development of national energy security,” said Retno in her official broadcast, Saturday (18/9/2021). ).
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Photo: Indonesian Minister of Foreign Affairs, Retno Marsudi (Ist Ministry of Foreign Affairs) Indonesian Minister of Foreign Affairs, Retno Marsudi (Ist Ministry of Foreign Affairs)- – |
The cooperation between Exxon Mobil and Pertamina, said Retno, is expected to encourage downstreaming and utilization of processing technology for Pertamina to increase production, refineries or refinery, and petrochemicals as well as expanding market access for value-added oil and gas derivative products.
Opportunities for cooperation in reducing emissions and Indonesia’s energy transition through green technologies, such as carbon capture and other decarbonization efforts, were also discussed at the meeting.
“Of course we will continue this discussion when we attend the COP 26 meeting in Glasgow next November. Of course we hope that the MOU between Pertamina and ExxonMobil can be implemented immediately,” said Retno.
On the same occasion, Deputy Minister I of SOEs Pahala Mansury explained, this collaboration between Pertamina and Exxon Mobil is a continuation of cooperation after previously having established cooperation in upstream development.
In this collaboration, said Pahala, it consists of downstream cooperation and the use of technology, including infrastructure development to ensure energy in Indonesia can have access to better downstream infrastructure.
“We have a strategic partnership with ExxonMobil, especially in upstream development. And the signing of downstream or downstream energy will complete the cooperation between Pertamina and Exxon Mobil as the largest energy company in the world today,” explained Pahala.
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