Indonesia Energy signs MOU with Aguila Energia for opportunities in Brazil

Indonesia Energy (INDO) signed a Memorandum of Understanding dated August 18 with Aguila Energia e Participacoes, an affiliate of Rio de Janeiro-based investment firm Aguila Capital. The MOU establishes a cooperative framework between the parties to jointly identify, evaluate, and pursue potential opportunities to acquire or participate in oil and gas or other energy-related assets and projects located in Brazil, a major global energy market. The cooperation combines IEC’s oil and gas and capital market experience with AEP’s capabilities in local Brazilian transactions, regulatory engagement, and asset development. The MOU reflects IEC and AEP’s shared vision to build a diversified energy portfolio across upstream and downstream segments through disciplined, cross-border cooperation. The MOU is a non-binding statement of intent. IEC and AEP will seek to enter into appropriate definitive agreements for projects on an opportunity-by-opportunity basis.