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View all search resultsOil lifting has surpassed the target started in the state budget for the first time since 2008, Energy Minister Bahlil Lahadalia announced, citing rising production and new measures to legalize tens of thousands of community-run oil wells.
Indonesia's negotiation team has proposed a US$15.5 billion oil and gas import deal as part of ongoing tariff talks in Washington, though whether this comes to pass is dependent on Washington lowering the country's current tariff rate of 32 percent.
Shell is scrambling to manage an unexpected surge in demand that has fueled a supply issue at its gas stations nationwide, especially during the mudik travel season, though according to BPH Migas this is primarily a distribution issue, as the company has sufficient stock at its depots.
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