en.Wedoany.com Reported - Indonesia and Kuwait reaffirmed their commitment to strengthening energy security cooperation during talks held in Jakarta, where Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto met with Kuwaiti Ambassador to Indonesia Khaled Al Yassin.

Against the backdrop of increasingly severe global economic and geopolitical challenges, Hartarto emphasized the strong bilateral relations between the two countries and their ongoing cooperation in the energy sector, including the participation of Kuwait Foreign Petroleum Exploration Company (KUFPEC) in eight oil and gas exploration projects in Indonesia. He noted that a memorandum of understanding covering oil, natural gas, and petrochemicals, signed in 2019, formalized the energy cooperation relationship.

Ambassador Al Yassin stated that these agreements reflect Indonesia's strategic importance to Kuwait, particularly in terms of economic cooperation. The two sides also agreed to accelerate negotiations on a free trade agreement between Indonesia and the Gulf Cooperation Council (GCC), aiming to conclude talks by the end of 2026. Bilateral trade volume in 2025 increased by 10.69% to reach $606 million, while Kuwait's investment in Indonesia amounted to $1.2 million.

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