Indonesia Secures Energy and Agriculture Deals at G20 Summit as Global South Push Gains Momentum
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JAKARTA, Investortrust.id — PT Pertamina (Persero) secures an upstream oil and gas memorandum of understanding on Saturday, Nov 22, 2025 in Johannesburg as the G20 Summit opens doors for Indonesia to form deeper partnerships with countries across the Global South, a move expected to unlock US$2.6 billion in investment. Coordinating Minister for Economic Affairs Airlangga Hartarto says the deal underscores growing international interest in collaborating with Indonesia in strategic sectors.
"There is an upstream oil and gas agreement, with a projected investment of US$2.6 billion," he says during the G20 Summit, speaking in an online press briefing.
Airlangga notes that the details of the agreement will be discussed further between Pertamina and its partner, adding that several cooperation initiatives were also secured with other countries during the summit.
He says PT Dahana, a state owned explosives producer, completed a separate MoU with German defense manufacturer Rheinmetall to explore collaboration and the development of explosive material facilities.
"Yesterday there was an MoU, already carried out between PT Dahana and Rheinmetall on cooperation and establishing facilities for explosive materials. However, the technical aspects will be studied," he says.
Airlangga adds that advanced economies such as Finland expressed interest in Indonesian investments, specifically in data centers and telecommunications, while other countries requested further economic cooperation opportunities.
"Several other countries also want to increase cooperation with Indonesia, especially in terms of the economy," he says.
Deputy Foreign Minister Arrmanatha Nasir says interest in Indonesia was also evident in multiple pull aside meetings held on the sidelines of the summit, many of them initiated by African leaders seeking agricultural partnerships.
"The interesting part is that several African countries deliberately wanted to meet because they want to enhance economic cooperation. Here their concern is actually to push cooperation in sectors such as agriculture," he says during a virtual press briefing with Airlangga and Deputy Finance Minister Thomas Djiwandono.
Arrmanatha says Angola conveyed interest in developing commodity based agriculture such as coffee and coconut, while Ethiopia made a similar request.
"Besides Angola, Ethiopia also asked for similar cooperation," he says.
He notes that five to six Indonesian companies already operate in Ethiopia, primarily in agriculture and palm oil processing, opening room for broader collaboration.
Arrmanatha says Indonesia will continue bilateral engagements throughout the summit as the Global South strengthens its role in shaping global economic governance following consecutive presidencies held by Indonesia, India, and Brazil.
"That is all I can share, and tomorrow there will still be one more session that will be attended by the Vice President," he says.