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Indonesia plans to develop two oil, gas blocks in Iran: TV

Xinhua, July 2, 2016 Adjust font size:

The Indonesian state-owned Pertamina company will sign a contract with the National Iranian Oil Company (NIOC) next month to develop two oil and gas blocks in Iran, Press TV reported on Saturday.

There are four blocks that will be evaluated based on the initial study, and out of the four, there are two blocks that will be our priority, Pertamina's upstream director Syamsu Alam was quoted as saying.

Pertamina hopes to boost production from each block by 30,000 barrels per day as part of its upstream development plans, the report said without specifying the blocks under consideration.

The Indonesian company signed a deal with NIOC in May, during the Indonesian energy minister's visit to Tehran, to buy 600,000 tonnes of refrigerated liquefied petroleum gas (LPG) from Iran. Endit