Indonesia to buy 80,000 tons of LPG from Iran

May 30, 2016 12:00 AM

Indonesia inked a contract with Iran to buy 80,000 tons of liquefied petroleum gas (LPG) from the Islamic Republic, the Shana news agency reported.

The contract was signed in the presence of Iranian Oil Minister Bijan Namdar Zanganeh and Indonesian Energy Minister Sudirman Said in Tehran on Monday.

Based on the contract, the figure would reach 500,000 tons in the next year.

Iran has no limitation in expanding ties with Indonesia, Zanganeh said in his meeting with Said, adding that Iran opens all doors for the cooperation of Indonesian state-run and private companies in the country’s oil, gas and petrochemical sectors.

Earlier in March, Iran and Indonesia inked a memorandum of understanding on expanding cooperation in oil, gas and petrochemical industries, among other fields.

An Iranian delegation traveled to Indonesia on February 23 to attend the two countries’ first joint economic committee, which was held in Bogor, West Java.

An agreement was signed on February 24 by Wiratmaja Puja, the oil and gas director general at Indonesia’s Ministry of Energy and Mineral Resources, and Marzieh Riahi, the director of Asia and Pacific affairs at the Department of International Affairs of Iran’s Oil Ministry.


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