KazMunayGas, Pertamina to Sign Cooperation Deal

Kazakhstan’s national oil and gas firm KazMunayGas will likely sign an agreement with Indonesia’s Pertamina which will allow the Indonesian energy firm to explore the central Asian nation’s hydrocarbon sector.

Trend news agency reports that the two countries will sign a memorandum on Monday.

KazMunayGas plans to continue to further attract foreign capital, technology and experience to develop oil and gas resources in Kazakhstan.

During Kazakh President Nursultan Nazarbayev's visit to Indonesia in April, the heads of Kazakhstan and Indonesia reached an agreement on oil and gas cooperation.