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View all search resultsUS raid has not affected Venezuela operations, Pertamina says
Indonesian government officials and an industry group have said the crisis in Venezuela has had little to no impact on the country’s economic activity so far.
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Caracas limbo: A car drives on an empty street on Jan. 3, 2026 after United States President Donald Trump said the US has struck Venezuela and captured its president, Nicolas Maduro, in Caracas. (Reuters/Maxwell Brice)
State-owned oil and gas company Pertamina said the recent conflict has not affected its operations in Venezuela so far.
The firm, through its subsidiary PT Pertamina Internasional Eksplorasi dan Produksi (PIEP), is the majority shareholder of Maurel & Prom, which operates in the crisis-affected country.
PIEP said in a statement on Sunday that it is “monitoring the dynamics closely” as part of “a precautionary approach and the company’s commitment to ensuring safety and operational continuity”.
Jakarta and Caracas signed a memorandum of understanding in 2024 allowing Pertamina to develop upstream oil projects in Venezuela, which Coordinating Economy Minister Airlangga Hartarto said could be subject to changes “since the [Venezuelan] government is changing”.
Read also: Trump says US to 'run' Venezuela after toppling Maduro in military attack
Indonesian government officials and an industry group have said the crisis in Venezuela has had little to no impact on the country’s economic activity so far.
Finance Minister Purbaya Yudhi Sadewa said on Monday that, economy-wise, the recent conflict’s impact on Indonesia has been limited. The most direct effect that escalating tension could have on the archipelago would be through oil prices, given that Indonesia is a net oil importer, but Venezuela accounts for only a marginal portion of global supply.
