Key insights and market outlook
Indonesia's government is exploring oil and gas projects in Iraq through potential cooperation between PT Pertamina International EP (PIEP) and Iraq's Ministry of Oil. This strategic move aims to support Indonesia's energy self-sufficiency goals while strengthening bilateral energy cooperation. Discussions between Indonesia's Vice Minister of Energy and Mineral Resources, Yuliot, and Iraq's Deputy Minister of Upstream Affairs, Basim Mohammed Kudhair, focused on upstream oil and gas development opportunities in Iraq.
Indonesia is actively pursuing oil and gas projects in Iraq as part of its strategy to enhance energy self-sufficiency. The initiative gained momentum during a bilateral meeting between Indonesia's Vice Minister of Energy and Mineral Resources, Yuliot, and Iraq's Deputy Minister of Upstream Affairs, Basim Mohammed Kudhair, held in Jakarta on December 16, 2025.
The discussions centered on potential collaboration in Iraq's upstream oil and gas sector, with PT Pertamina International EP (PIEP) identified as the potential operational executor. This cooperation is expected to contribute significantly to Indonesia's energy security by diversifying its oil and gas supply sources.
The proposed project aligns with Indonesia's broader energy strategy, particularly its swasembada energi (energy self-sufficiency) objectives. By engaging in upstream development in Iraq, Indonesia aims to strengthen its energy security and reduce dependence on domestic production limitations.
This development marks a significant step in energy cooperation between Indonesia and Iraq. The partnership not only offers economic benefits but also strengthens diplomatic ties between the two nations in the energy sector.
Potential Iraq Oil and Gas Project
Energy Cooperation Discussions