Crude Oil: NNPC to partner Indonesia State Oil Company, Pertamina




#TrackNigeria –The Nigerian National Petroleum Corporation (NNPC) has indicated interest in working with the Indonesian national oil company, Pertamina, to improve on the volume of crude oil export.

Group Managing Director of the NNPC, Mallam Mele Kyari, disclosed this today while receiving the Indonesian Ambassador to Nigeria, His Excellency, Dr. Usra Hendra Harahap, at the NNPC Towers, Abuja.

A press release by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, stated that partnership with Pertamina could open up more opportunities for the nation’s crude oil and gas in the face of unpredictable global market.

Mele Kyari said that NNPC was ready to renew the trade contract with the Republic of Indonesia which expired last year and directed the relevant arms of the corporation to work out modalities to ensure a better deal for the benefit of both countries.

Earlier in his presentation, the Indonesian Ambassador, His Excellency, Dr. Usra Hendra Harahap, noted that Indonesia has a long history of mutual relationship with Nigeria and was ready to improve on its $2.5 billion trade balance with Nigeria.

“Last year alone, Indonesia imported from Nigeria crude oil worth about $2.5 billion; but that contract ended in December, 2018”, adding that crude oil from Nigeria was considered to be of very high quality and environmentally friendly. 

The Ambassador expressed confidence in the capacity of the NNPC new GMD to deliver on his mandate as the leader of the oil and gas industry in Nigeria.

“The new NNPC boss is very experienced. I read his curriculum vitae and I found it very wonderful. Nobody can cheat him because he grew through the ranks to the top. I think NNPC will be very strong by his leadership qualities”, the diplomat concluded.




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