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Opinion 1 month ago
PREMIUM
Analysis: Russian oil imports put Indonesia in sanctions crosshairs
Indonesia's import of Russian crude oil, marked by the arrival of Eastern Siberia–Pacific Ocean (ESPO) crude at Lawe-Lawe Port in East Kalimantan on June 28, signals a significant shift in the country's energy sourcing strategy. But the move also raises questions over whether state-owned oil and gas company Pertamina could be perceived as circumventing Western sanctions on Russia, a risk the government appears largely unfazed by.
Economy 1 month ago
PREMIUM
Indonesia to store imported 'Russian' crude as national reserves
The government has imported around 770,000 barrels of Russian crude oil, according to a Bloomberg report, though the energy ministry says further verification is necessary to determine the composition and source of the fuel that makes up the so-called Indonesia blend.
Middle East and Africa 2 months ago
US launches new strikes on Iran after reinstating oil sanctions over shipping attacks
The US military unleashed a new wave of strikes against Iran on Tuesday and revoked a license allowing the country to sell oil after three tankers were hit by projectiles in the Strait of Hormuz, putting pressure on an already fragile ceasefire.
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