Indonesia's Pertamina considers putting Iran deal on hold
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JAKARTA - Indonesian state energy company Pertamina is considering placing its contract with Iran to operate the Mansouri oilfield on hold because of the threat of US sanctions, director Syamsu Alam told reporters on Friday.
Pertamina said in March that it had won the tender to operate Iran's Mansouri field with 80 percent participating interest.
On Friday, Alam said that Pertamina would not be able to continue with the contract if there were sanctions from the United States or any other country, adding that sanctions could also create financing problems because the company might seek loans from US banks.
"Our position is to put it on hold because of the sanctions threat," Alam said, adding that a final decision will be made on Saturday.
