double-skinned crabsVietnamese crab exportergood crabexellent crab

Indonesia Expects First Russian Crude Shipment Within Two Weeks

Bambang Ismoyo
May 11, 2026 | 6:49 pm
SHARE
Energy and Mineral Resources Minister Bahlil Lahadalia, center, shakes hands with Russian Energy Minister Sergey Tsivilev in Moscow on Tuesday, April 14, 2026. (Energy Ministry via JG)
Energy and Mineral Resources Minister Bahlil Lahadalia, center, shakes hands with Russian Energy Minister Sergey Tsivilev in Moscow on Tuesday, April 14, 2026. (Energy Ministry via JG)

Jakarta. Russia is expected to begin shipping crude oil ordered by Indonesia within the next two weeks, Energy and Mineral Resources Minister Bahlil Lahadalia said on Monday.

Indonesia and Russia previously agreed to a crude oil purchase deal covering 150 million tons to be delivered gradually through the end of 2026. The agreement followed President Prabowo Subianto’s visit to Russia last month.

Bahlil said the official purchase contract had already been signed and both sides were now discussing technical delivery arrangements.

“We are now discussing the technical aspects of the shipment. It could begin within the next one or two weeks,” Bahlil told reporters in Jakarta.

ADVERTISEMENT

Earlier, Deputy Energy Minister Yuliot Tanjung said the government was preparing two possible schemes for importing Russian crude oil.

The first option would involve direct imports by state-owned enterprises such as Pertamina. However, Yuliot noted that such a scheme could create complications because existing oil procurement contracts with other suppliers remain in place.

As a result, the government is also considering an alternative import mechanism through a public service agency, which Yuliot said could be more flexible, including from a financing perspective.

The planned imports come as Indonesia seeks to strengthen energy security and diversify crude supply sources amid volatile global energy markets.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business Oct 16, 2026 | 7:17 pm

Indonesia Says Subsidized Fuel Stocks Cover 16–18 Days

Indonesia says fuel reserves remain adequate, with Pertalite stocks covering 16–18 days as Pertamina boosts deliveries.
Business Oct 15, 2026 | 10:43 pm

Indonesia Opens New LPG Plant in West Java to Reduce Import Dependence

Bahlil said the plant was expected to supply around 15% of LPG demand in Jakarta and West Java.
Business Oct 14, 2026 | 8:04 pm

Indonesia Aims $45 Billion Nickel Exports in 2026

Indonesia's nickel exports neared $34 billion in 2024, government data showed.
Business Oct 12, 2026 | 6:46 pm

Bahlil Says B50 Program Shields Indonesia from Diesel Import Disruptions

Indonesia says its B50 biodiesel program has ended diesel imports, even as Middle East tensions threaten global oil supplies.
Business Oct 9, 2026 | 8:31 pm

‘It’s Trump Who Sets Oil Price’: Prabowo’s Brother

Neither the Indonesian government nor OPEC sets the oil price, Hashim Djojohadikusumo says.
Business Oct 9, 2026 | 10:36 am

Indonesia Rewrites Its Economic Model to Power Faster Growth

Indonesia bets on investment, downstream industries and clean energy to achieve 8% economic growth.
Business Oct 8, 2026 | 9:27 am

Indonesia Insists on Deciding Singapore Power Export Price

Senior minister Bahlil Lahadalia says that Indonesia doesn't want to sell its electricity cheaply.
Business Oct 7, 2026 | 3:50 pm

Indonesia’s 1M-Bpd Oil Import Gap Is ‘Miserable’, Bahlil Says

Indonesia’s oil lifting meets the 2025 target, but Bahlil calls the 1M-bpd import gap “miserable” as demand hits 1.6M bpd.
Business Oct 7, 2026 | 2:06 pm

Bahlil Signals More Ministries May Join New Downstream Coordination

Bahlil signals one or two more ministries could join the new downstream coordination, with the Industry Ministry among those considered.
Business Oct 7, 2026 | 1:46 pm

Bahlil: Coal Quotas Needed to Protect Indonesia’s Pricing Power

Bahlil says tighter coal quotas are needed to control supply, prevent oversupply and strengthen Indonesia’s influence over coal prices.

The Latest


Lifestyle 1 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
Business 2 hours ago

MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday

Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
News 2 hours ago

Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital

Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.
News 2 hours ago

Jakarta Expands Flood Prevention With New Water Storage Ponds

Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.
Special Updates 3 hours ago

Press Council Highlights AI Ethics at United Tractors Journalist Workshop

United Tractors’ 2026 journalist workshop highlights ethical AI use and the importance of trust and credibility in journalism.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED