This inauguration is a form of new initiative and collaboration between Indonesian Embassy in Kuwait and the Oil and Gas Special Work Unit (SKK MIGAS).
"The inauguration of the first Oil and Gas Corner at Indonesian Embassy in Kuwait City marks the important role of RI’s Representative to attract investors in the oil and gas sector in Indonesia". Retno said in a press statement released on Monday, September 2, 2019.
"The Oil and Gas Corner will facilitate investors in the sector to learn the potentials of oil and gas exploration from Sabang to Merauke in Indonesia without having to visit Indonesia," she added.
The inauguration ceremony was also attended by the KUFPEC (Kuwait Foreign Petroleum Exploration Company) CEO Shaikh Nawaf Al-Sabah and several investors and business actors in the oil and gas sector in Kuwait.
The Oil and Gas Corner is also equipped with a collection of the latest literatures and information on upstream oil and gas industry, potential resources, and profiles of oil and gas industry business actors in Indonesia.
The Oil and Gas Corner will provide detailed information to the stakeholders of oil and gas business sector regarding various developments in the upstream oil and gas industry in Indonesia.
“Through the technological advance, we will bring Indonesia's oil and gas potentials to foreign investors,” she said..
"The Oil and Gas Corner at the Indonesian Embassy in Kuwait is the first we’ve ever established, and we seek to build several others. The Oil and Gas Corner will also be developed in other RI’s Representatives around the world, especially in countries that have great cooperation potentials in the oil and gas sector,” she explained.
The Oil and Gas Corner at Indonesian Embassy in Kuwait was launched out before the procurement of the Indonesia-Kuwait First Commission Assembly that was co-led by the Indonesian top diplomat and Kuwaiti Foreign Minister Sheikh Sabah Khaled Al Hamad Al Sabah, in Kuwait City on Monday, September 2, 2019.
Currently, Indonesia is focusing on exploring 10 main oil and gas source points from Sabang to Merauke with a total estimated value of oil and gas resources of around 10 billion in equivalence with the crude oil barrel.
Kuwait is one of the first and largest energy partners for Indonesia with a value of oil and gas imports reaching US$214 million (in 2018). Overall, the trade value between the two countries reached more than US$403 million (2018). KUFPEC, the Kuwaiti oil company has been a long partner for Indonesia in exploring its oil and gas sector potentials since 1980s.