Eni S.p.A, an Italian multinational oil and gas company signed an agreement with Indonesia’s energy producer PT Pertamina to explore oil and gas downstream business, includes a potential to develop green refinery and business trading opportunities in oil and gas, and other products.

The signing carried out on Sept. 21 in Porto Marghera, Venice by Nicke Widyawati as the chief executive of Pertamina and Giuseppe Ricci as the Chief Refining and Marketing Officer of Eni, witnessed by the Minister of State-Owned Enterprise of Indonesia, Rini Soemarno.

Widyawati explained that this cooperation is part of Pertamina’s commitment in fulfilling green-fuel and optimizing the country’s resources to secure national energy resilience and sovereignty.

The collaboration in green refinery is relevant with Pertamina’s commitment to supply fuel with a mixture of 20% biodiesel (B20), as mandated by the Indonesian government. Eni has been present in Indonesia since 2001, conducting operations of exploration and production. Today production derives from Muara Bakau block (Eni’s interest 55 percent) where Jangkrik field started-up in 2017.