Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.

Indonesian Ambassador to Nigeria, Mr. Harry Purwanto, who stated this in Abuja when he paid a courtesy visit to the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru, explained that his Country’s President Joko Widodo, had instructed Indonesia National Oil Company, Pertamina, to direct its attention to Nigeria in its quest to meet that country’s surging energy needs.

The call by the ambassador signifies the prospects of soaring Nigeria’s market share in Asian emerging economies which include China and India, having lost grounds in crude oil sales in the United State of America due to advances in shale oil exploration in recent years. Although Indonesia produces 900,000 barrels of crude oil per day, its supplements its 1.4million barrels per day consumption with supplies from Nigeria, 18 per cent and Saudi Arabia, 28 per cent.

Speaking during the visit of the ambassador to his office, Dr Baru, who welcomed the development, said NNPC was interested in working with Indonesia on its initiative to replace firewood and kerosene with Liquefied Petroleum Gas (LPG) as primary domestic fuel for cooking.

Dr Baru said the corporation was aware of the huge success of the kerosene substitution programme in Indonesia and would like a collaboration to help Nigeria achieve a similar feat.

The GMD said NNPC would also like to partner with Indonesia in the area of bio-fuels production to diversify the nation’s energy mix and meet its energy needs.

He challenged Indonesia to consider participating in the forthcoming bid round in order to realize its aspiration of maintaining a presence in the Nigerian oil and gas sector.

The Indonesia Ambassador disclosed that his country looked forward to lifting crude oil directly from Nigeria, rather than through a third-party as is currently the case.

He extended an invitation to the corporation to grace the Indonesia-Nigeria Business Forum holding in Lagos, adding that a Memorandum of Understanding, MoU, on possible areas of co-operation between the two countries was in the works.




Ndu Ughamadu

Group General Manager

Group Public Affairs Division,

NNPC Towers, Abuja

31st May, 2017.

http://www.metronaija.com/2017/05/indonesia-seeks-more-crude-oil-from.html

cc: lalasticlala mynd44

the one we get never do us, dem wan buy from us.

Indonesia seeks to steal more oil from Nigeria

Awon Oloshi, and they won't stop arresting our innocent brothers from the east of Niger.

good

Na so... We work for the oyeh, they sell to them @ a very ridiculous price and then import the finished products at an exorbitant price 97% of the masses can't afford.


Sickening.
But I've stopped bothering myself bout things I can't change.

Not sure Biafrans feel the same way tho..

Hmmmm again! don't be surprise our mumu leaders will give it out again like they gave US, Indonesians wey wicked like kilode

ok

Buhari is working

So after killing our brother... Dem get mind come again...

Open bussiness opportunity for biafran's..... and our corrupt leaders.

National cake handlers were una dh...business Don show

If only we had a smart leadership in this country. Opportunities abound.

FG should do the needful. Thank you Indonesia for not letting developers develop your country

Kambia

stone004branch:

Opportunity is missed by most ppl each day causing you kept doubting my fixed game,today fixed out odd 150.view won ticket for delight doubting Thomas's.

Ogbeni win ur game on ur own we dont want ur success formula

Sell crude oil then import its derivatives.

stone004branch:

Opportunity is missed by most ppl each day causing you kept doubting my fixed game,today fixed out odd 150.view won ticket for delight doubting Thomas's.

biafrats Scammer 'thomas' ...u neva go stop until u meet ur misfortunes

Chiefly:
Na so... We work for the oyeh, they sell to them @ a very ridiculous price and then import the finished products at an exorbitant price 97% of the masses can't afford.


Sickening.
But I've stopped bothering myself bout things I can't change.

Not sure Biafrans feel the same way tho..

by 2020 we will stop importing, i pray so.

ritababe:



by 2020 we will stop importing, i pray so.

Guess you anticipating Dangote Refinary.. But what level of output can that plant handle? Will it bring bout any significant change?

This is a welcome development

Chiefly:


Guess you anticipating Dangote Refinary.. But what level of output can that plant handle? Will it bring bout any significant change?

yeah at least it will stabilized our naira

God bless the minister of petroleum n his minister of state

IbnSultaan:
God bless the minister of petroleum n his minister of state

Amen. God bless you too and the entire members of your household.

DIS IS D CASE OF, "MONKEY DEY WORK WHILE BAMBOO DEY CHOP".

ritababe:


yeah at least it will stabilized our naira

Hmm.. I think we need to start producing finished products... even if we not exporting, at least we should produce what we consume before the Naira can hold its own.

IbnSultaan:
God bless the minister of petroleum n his minister of state

IF U DON'T MIND, MAY I ASK Y GOD SHOULD BLESS DEM.

nextprince:


Amen. God bless you too and the entire members of your household.

Will u keep KWAYET
Cox i can't see ur name being mentioned in d prayer
N that's d whole corruption we have been trying to deal with # CLAIMING WTZ NOT URZ
gerrarahia 4 real mehn