Azerbaijan, Indonesia to Deepen Energy Cooperation

Azerbaijan and Indonesia have agreed to further expand cooperate in the energy sector.

An agreement was signed on Monday in Baku during the Azerbaijan-Indonesia Energy Forum by Azerbaijani deputy minister of energy Natig Abbasov and Director General for Oil and Gas at Indonesia's Energy and Mineral Resources Ministry Gusti Nyoman Wiratmaja Puja, reported state news agency Azertag.

"Success Azerbaijan has gained in the oil and gas industry paves the way for our cooperation with other countries. Indonesia is one of these countries," the Azerbaijani minister said. “Both countries have great energy potential. Azerbaijan can share its experience in the energy sector with Indonesia, and the forum is of great significance from this point of view. One of the key objectives of the forum is to explore a range of areas the two countries can cooperate in.”

Director General for Oil and Gas at Indonesia's Energy and Mineral Resources Ministry Gusti Nyoman Wiratmaja Puja emphasized Indonesia`s interest in expanding cooperation with Azerbaijan in the energy sector. He said mutual investment in the field of energy, especially active participation of the private sector, would make a significant contribution to the development of the bilateral relations.

The event also focused on the partnership between the Azerbaijani State Oil Company (SOCAR) and Indonesian state oil company Pertamina, the news agency reported.