Iran-Indonesia energy Complementarity
Indonesian Energy and Mineral Resources Minister traveled to Tehran to evaluate bilateral relations and possible cooperation opportunities on October 13. A meeting is scheduled between Iranian Oil Minister Bijan Namdar Zanganeh and Sudirman Said as well. The visit came, while Iran is preparing to resume crude oil exports as soon as the international sanctions be removed in early 2016 and raise this volume to presumptions level at 2.2 million barrels per day. However, considering the glut in oil markets, Iran even hasn't been able to increase oil export after reaching a comprehensive nuclear deal on July 14, expected to propel Iranian oil exports. Indonesia became a net crude oil importer since late 2013, but the energy cooperation between Tehran and Jakarta is expected to be so deeper and wider than just crude oil export issue. Just a year ago, Iran announced that it is preparing to build five refineries in Indonesia, aimed to diversification of Iran's oil export. Th