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Pertamina looks for alternative oil sources as Mideast conflict escalates
State-owned oil and gas company Pertamina said that it is exploring alternative shipping routes and sources for crude oil imports to mitigate a possible disruption in the flow of oil shipping.
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An oil and gas rig at the offshore Kepodang Field in the Muriah Block operated by Saka Energi Muriah Limited. (SKK Migas/SKK Migas.)
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tate-owned oil and gas firm Pertamina is exploring alternate shipping routes and crude oil imports to mitigate possible disruptions in oil shipments to Indonesia amid escalating tension in the Middle East, the company said on Monday.
Pertamina spokesperson Fadjar Djoko Santoso said the company would continue optimizing domestic crude oil production to fulfill domestic demand, but it would also explore several other crude oil source options to anticipate the impact of the further escalation in the region.
“Pertamina imports crude oil from Saudi Arabia, Nigeria and several African countries. So we [Pertamina] don’t depend on just one or two countries and the Middle Eastern countries alone,” he told The Jakarta Post.
Pertamina’s primary sources of fuel imports come from Singapore, Malaysia and India, while liquefied petroleum gas (LPG) imports come from the United States and the Middle East.
Crude oil supplies, on the other hand, are obtained from Nigeria, Saudi Arabia, Angola and Gabon.
According to Statistics Indonesia (BPS), crude oil imports from Saudi Arabia contribute the second largest shipments to Indonesia after Nigeria.
Read also: MidEast escalation could send oil prices to $100 per barrel, govt says
