Indonesia, Yemen forge closer ties in oil & gas
Indonesia, Southeast Asia’s main oil and gas producer, and Yemen, an important country in the global oil trade, have said they want to intensify their relations in the sector.
Indonesia’s Energy and Mineral Resources Ministry spokesman Saleh Abdurrahman said in Jakarta on September 12 that the government proposed to Yemen that it invest in the oil and gas industry in Indonesia.
“We have offered oil and gas business stakeholders in Yemen to consider investing in both the upstream and downstream sectors in the country, including refineries, pipelines, exploration and coal bed methane development,” he said. “The details of the plan are currently being discussed.”
Yemeni deputy Oil Minister Yousef Ahmed Musaeed met Indonesia’s Energy and Mineral Resources Ministry’s director general for oil and gas Edy Hermantoro in Jakarta earlier. The meeting was a follow-up to a visit by the Yemeni Oil Ministry’s oil and gas chief Nada Mahmud Aman in February 2013, in which the Yemeni delegation expressed interest in oil and gas development in Indonesia, including in regulation, gas trade and production-sharing contracts.
The Yemeni government, according to Saleh, also offered Indonesia, a former member of the Organization of the Petroleum Exporting Countries (OPEC), to invest in Yemen, but he declined to give further details pending future discussion.
Recently, Indonesia, through its state-owned oil and gas firm PT Pertamina, has offered Kazakhstan opportunities for cooperation in the LNG business, as part of further partnership in the oil and gas sector between the two countries.
Indonesia, which left OPEC in 2008 after becoming a net oil importer, currently produces around 830,000 barrels per day of crude oil, much less than the 1.6 million bpd it produced back in 1995. Meanwhile, natural gas production is currently higher than crude oil production, at around 1,240,000 barrels of oil equivalent per day.
On the other hand, according to data compiled by The Jakarta Post, Yemen’s oil output in 2011 stood at 170,000 bpd, down from 259,000 bpd a year earlier. While oil production in Yemen is estimated to have plummeted by 2017, the country has abundant natural gas reserves of around 18.2 trillion cubic feet. Yemen’s first LNG plant, with a production of 6.7 million tonnes per annum, began operating in October 2009.
Indonesia, Southeast Asia’s main oil and gas producer, and Yemen, an important country in the global oil trade, have said they want to intensify their relations in the sector. Indonesia's Energy and Mineral Resources Ministry spokesman Saleh Abdurrahman said in Jakarta on September 12 that the government proposed to Yemen that it invest in the oil and gas industry in Indonesia. “We have offered oil and gas business stakeholders in Yemen to consider investing in both the upstream and downstream sectors in the country, including refineries, pipelines, exploration and coal bed methane development,” he said. “The details of the plan...
Indonesia, Southeast Asia’s main oil and gas producer, and Yemen, an important country in the global oil trade, have said they want to intensify their relations in the sector.
Indonesia’s Energy and Mineral Resources Ministry spokesman Saleh Abdurrahman said in Jakarta on September 12 that the government proposed to Yemen that it invest in the oil and gas industry in Indonesia.
“We have offered oil and gas business stakeholders in Yemen to consider investing in both the upstream and downstream sectors in the country, including refineries, pipelines, exploration and coal bed methane development,” he said. “The details of the plan are currently being discussed.”
Yemeni deputy Oil Minister Yousef Ahmed Musaeed met Indonesia’s Energy and Mineral Resources Ministry’s director general for oil and gas Edy Hermantoro in Jakarta earlier. The meeting was a follow-up to a visit by the Yemeni Oil Ministry’s oil and gas chief Nada Mahmud Aman in February 2013, in which the Yemeni delegation expressed interest in oil and gas development in Indonesia, including in regulation, gas trade and production-sharing contracts.
The Yemeni government, according to Saleh, also offered Indonesia, a former member of the Organization of the Petroleum Exporting Countries (OPEC), to invest in Yemen, but he declined to give further details pending future discussion.
Recently, Indonesia, through its state-owned oil and gas firm PT Pertamina, has offered Kazakhstan opportunities for cooperation in the LNG business, as part of further partnership in the oil and gas sector between the two countries.
Indonesia, which left OPEC in 2008 after becoming a net oil importer, currently produces around 830,000 barrels per day of crude oil, much less than the 1.6 million bpd it produced back in 1995. Meanwhile, natural gas production is currently higher than crude oil production, at around 1,240,000 barrels of oil equivalent per day.
On the other hand, according to data compiled by The Jakarta Post, Yemen’s oil output in 2011 stood at 170,000 bpd, down from 259,000 bpd a year earlier. While oil production in Yemen is estimated to have plummeted by 2017, the country has abundant natural gas reserves of around 18.2 trillion cubic feet. Yemen’s first LNG plant, with a production of 6.7 million tonnes per annum, began operating in October 2009.
