Indonesia Still Considering Purchases of Russian Oil, Minister Says – The Diplomat

ASEAN Beat | Economy | Southeast Asia But Jakarta is likely to weigh carefully the domestic political benefits of cheap oil against possible international blowback. The headquarters of the Indonesian state oil and gas company Pertamina in Jakarta, Indonesia. Credit: Flickr/Ya, saya inBaliTimur Advertisement Indonesia remains open to buying cheap oil “from anywhere,” including Russia, in order to keep […]

Why Indonesia Needs to Reform Its System of Energy Subsidies – The Diplomat

Advertisement The unprecedented spike in fuel prices prompted by the Russia-Ukraine war has forced Indonesia to increase vastly its energy subsidies. This decision has sparked much domestic debate about how best to maintain the balance between economic improvement and Indonesia’s commitment to a green energy transition. We believe that the government should seriously consider reforming […]

Indonesia State Energy Firm Pertamina Mulls Purchases of Russian Oil – The Diplomat

Advertisement The Indonesian state energy firm PT Pertamina is considering purchasing crude oil from Russia in order to take advantage of falling prices in the wake of President Vladimir Putin’s invasion of Ukraine. Addressing a parliamentary hearing yesterday, Reuters reported, Pertamina’s CEO Nicke Widyawati said that the firm saw “an opportunity to buy from Russia […]

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