Bambang Ismoyo, Jakarta – State-owned energy company Pertamina has secured $2.6 billion in upstream oil and gas investment agreements with its business partners on the sidelines of the G20 Summit in Johannesburg, Coordinating Minister for Economic Affairs Airlangga Hartarto announced on Saturday.
Airlangga did not disclose further details of the collaboration, noting that the agreements remain under follow-up discussion.
"These are ongoing negotiations between Pertamina and its partners. That is all we can share for now," Airlangga said during a virtual press briefing from Johannesburg.
The Indonesian delegation in Johannesburg also attracted interest from several African nations outside the G20, which are seeking to strengthen bilateral economic cooperation, particularly in agriculture, Airlangga added.
He said discussions covered a range of potential investment and strategic collaboration opportunities across agriculture, high technology, and upstream energy development. Among the countries expressing interest were Angola and Ethiopia, both of which sent delegations to meet the Indonesian team.
"There is already strong interest in specific sectors, including agriculture. They plan to visit Indonesia first to deepen cooperation proposals," Airlangga said.
Indonesia and Ethiopia already maintain a mutually beneficial economic partnership, with six Indonesian companies currently operating in Ethiopia, according to Airlangga.
Beyond Africa, Indonesia is also exploring new partnerships with non-African countries, including investment opportunities in data centers and the telecommunications sector, he added.