Russia cannot begin large-scale oil shipments to Indonesia
A major oil contract between Russia and Indonesia, which calls for the import of 150 million barrels of crude this year, is currently being implemented at a very slow pace.
The main reasons for the delay are a shortage of tankers to transport Russian oil due to Western sanctions, the significant length of logistics routes, and Jakarta’s concerns about possible secondary restrictions.
No direct oil shipments from Russia to Indonesia are scheduled for this month or next.
The intention to purchase a large volume of energy resources was announced in April by Deputy Energy Minister Yuliot Tanjung following a meeting between the leaders of both countries in Moscow.
However, according to data from the consulting firm Kpler, only one shipment of Russian Arctic Novy crude has been recorded so far, which was sent on April 21 from a storage facility in Malaysia to an oil refinery in Cilacap.
Currently, Indonesian authorities are trying to find a way out of the situation, as the structure and regulatory framework of this agreement remain undefined.
The state-owned company Pertamina is concerned about sanctions risks that could harm its international financial operations.
Laode Sulaeman, a representative of the Ministry of Energy, explained the reasons for the delays and noted that an operator for the import has not yet been selected, and there is no clear timeline for the project’s implementation.
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