(MNA) -- President and CEO of Pertamina Elia Massa Manik stated that his company surely possessed the capability to take part in development and exploration of Iranian fields.

“We have asked the Indonesian  the Coordinating Minister for Economic Affairs Darmin Nasution to accelerate the process of making presence in the Mansouri and Abteimour fields.

Massa said that Pertamina will focus on one oil field first and foremost; “the second one will be developed later after the exploration of the first one is completed.”

He pointed to the need to explore the oil fields to increase oil supply given that they can produce 250,000 barrels per day.

Pertamina CEO went on to stress that his country’s government was open to new partners to add to the existing ones “since we are open to partnership, we will partner with a local company in Iran.”

National Iranian Oil Company (NIOC) and Pertamina Company had earlier signed a Memorandum of Understanding (MoU) and confidentiality agreement to carry out studies of the two Iranian oil fields.

Pertamina is an Indonesian state-owned oil and natural gas corporation based in Jakarta. It was created in August 1968 by the merger of Pertamin and Permina. The firm is currently the second-largest crude oil producer in Indonesia behind the US-based Chevron Pacific Indonesia.