Indonesia, Ecuador agree to cooperate in oil sector

Indonesia and Ecuador agreed to collaborate in the oil and gas sector, foreign ministers of the two countries said in Jakarta on Friday.

Both sides signed an agreement on mining and energy on Friday to facilitate the existing initiative among the companies of the two countries, said Indonesian Foreign Minister Hassan Wirajuda.

He said that Indonesia sent a delegation to Ecuador 2 weeks ago that was led by the state-owned oil firm of PT Pertamina.

"We have just signed memorandum of understanding in the oil and gas sector, actually ( it is) a reflection of the wish of the two governments to work closely to promote our pilot cooperation in the energy sector," said Wirajuda in a joint press conference.

On the same occasion, visiting Ecuadorian Foreign Minister Francisco Carrion said that his country now was seeking a new stakeholder in the sector and expected the Indonesia's expertise in the field could be useful for his country.

"Ecuador now is seeking for the participation of new stakeholder company," he said. (Godang)