Indonesia continues to purchase Russian oil
Energy Minister Bahlil Lahadalia confirmed the start of the second phase of supplies
Quick Look
- Indonesia has begun the second stage of purchases of Russian oil.
- Energy Minister Bahlil Lahadalia confirmed that the supplies are being carried out within the framework of intergovernmental agreements reached after the visit of President Prabowo Subianto to Moscow.
AI-generated summary
Why It Matters
Agreements on supplies were reached in April during the visit of Indonesian President Prabowo Subianto to Moscow.
JAKARTA, September 11 - RIA Novosti. Indonesia continues to purchase Russian oil, the second stage has already begun, said the country's Minister of Energy and Mineral Resources Bahlil Lahadalia.
“Yes, it has already begun,” the ANTARA agency quotes the minister’s answer to a question about the progress of the second stage of oil purchases from Russia.
Lahadalia explained that procurement is carried out on the basis of intergovernmental agreements with a subsequent transition to interaction between the state and business. According to him, the authorities determine priority sources of supply taking into account the global situation, economic feasibility and compliance with current regulations.
The minister emphasized that when providing the country with energy resources, he is guided by the interests of the population and the principles of an independent foreign policy.
Agreements on oil purchases were reached after the visit of Indonesian President Prabowo Subianto to Moscow in April. Jakarta plans to purchase about 150 million barrels of oil in stages by the end of this year.
What to Watch
AI outlook — possibilities, not facts
Signing a long-term contract for oil supply
Likely · Within months
Open Questions
- What is the exact contract value?
- Which companies are involved in supply logistics?
