Indonesia targets Nigerian crude oil, seeks partnership in oil trading

Nigerian crude oil has again proved its enormous prospects as the beautiful bride of the global
oil market with Indonesia expressing the desire to buy more crude oil from Nigeria.

The request was made by the Head of Economic Affairs of the Indonesian Embassy, Mr. Dwiyatna
Widinugraha, who led a delegation from the country on a courtesy call on the Group Managing
Director of the NNPC, Dr. Baru Maikanti, Wednesday at the NNPC Towers, Abuja.

Speaking on the purpose of their visit, Mr. Widinugraha commended NNPC for its support in crude
oil supply which has helped Indonesia to achieve energy sufficiency, adding that the country
needed further assistance in the form of increased crude oil allocation.

He stated that Indonesia with a population of more than 250 million people needed about 1.6
million barrels of crude oil daily to meet its burgeoning energy needs as an emerging economy
and would love to have a Government-to-Government arrangement with Nigeria in that regard.

Shedding more light on their mission, Vice President of Pertamina, the Indonesian National Oil
Company, Mr. Anizar Burlian, said they were in Abuja to thank Nigeria for helping them meet
their local oil demand and to further explore better arrangements of buying the country’s very
high grade crude oil.

“Over the years, we have bought huge amount of crude oil from Nigeria. We are extremely happy to
buy more Nigerian crude oil which is globally rated to be of very high grade and which is very
suitable for our refineries,” Mr. Burlian stated.

He said they were also interested in investment opportunities in the Nigerian upstream,
midstream and downstream sectors of the Nigerian oil industry.

Responding on behalf of the corporation, the Group General Manager, Crude Oil Marketing Division
(COMD), Mr. Mele Kyari, who was represented by Mr Adokiye Tombomieye, said NNPC would continue
to assist Indonesia in the area of crude oil supply, adding that the request for a government-
to-government crude supply arrangement should be routed through the President of Nigeria.

On investment, the corporation advised the team to articulate its request in a proposal to
enable Management review and act accordingly.