Pertamina Activates Mitigation Measures as Middle East Tensions Threaten Oil Supply
Jakarta. State energy company Pertamina said rising geopolitical tensions in the Middle East are affecting the global energy supply chain, including crude oil supplies that Indonesia partly relies on through imports, prompting the firm to activate mitigation strategies to safeguard domestic energy security.
Pertamina’s Vice President for Corporate Communication, Muhammad Baron, said the company has prepared a series of measures to ensure oil stocks remain secure, ranging from regular procurement mechanisms to alternative sourcing and emergency contingency plans.
“These steps are part of our strategy to ensure domestic energy resilience remains intact,” Baron said at Pertamina’s head office in Jakarta on Tuesday.
Pertamina did not explicitly confirm a full halt of crude imports from the Middle East despite the escalating tensions. However, the company emphasized that alternative systems and emergency measures have been put in place as part of supply risk mitigation.
Reports have also emerged that Pertamina is exploring opportunities to import crude oil from other countries, including Singapore, as an alternative source. Responding to the speculation, the management said it continues to intensively coordinate with various stakeholders, including the government.
“We always coordinate with relevant parties, including the government, to meet national energy needs,” Baron said.
Regarding the possible execution of redirecting imports to the United States, Pertamina said the process is still ongoing and further details cannot yet be disclosed.
Despite the geopolitical uncertainty, the company assured that domestic fuel supply remains stable. “For the implementation of imports, as we have conveyed, the process is currently underway. We continue to prioritize good governance,” Baron concluded.
Tags: Keywords:Related Articles
Indonesia Holds Subsidized Fuel Prices as Drivers Abandon Pertamax
Indonesia kept subsidized fuel prices unchanged despite a steep Pertamax hike that triggered long queues for cheaper fuel.Pertamina Raises Pertamax Price by 32% as Global Oil Costs Climb
Pertamina has raised the price of its flagship Pertamax gasoline by more than 32%, while subsidized fuels remain unchanged.Indonesia’s Trade Surplus Falls to Six-Year Low as Oil Imports Surge
A sharp increase in crude oil and fuel imports pushed Indonesia’s April trade surplus to its lowest level in six years.ASEAN+3 Growth Seen Slowing to 4% Amid Middle East Risks: AMRO
AMRO expects ASEAN+3 growth to slow to 4% as Middle East tensions, oil prices, and tariff uncertainty cloud outlook.Investors Unconvinced by Government Efforts as JCI Falls Nearly 2%
JCI fell 1.85% as Middle East tensions, weak China data, and a rupiah slide past 17,600 rattled investors.JCI Sinks as Rupiah Slides Past Rp 17,600 Amid Global Market Rout
JCI fell 1.4% at Monday’s open as the rupiah neared Rp 17,600 per dollar amid oil price spikes and global risk-off sentiment.JCI Falls 0.68% as US-Iran Tensions and Rupiah Weakness Trigger Sell-Off
JCI closed lower Tuesday as renewed US-Iran tensions and a weakening rupiah fueled risk aversion across Indonesian equities.Rupiah Falls to a New Low of Rp17,500 per Dollar
Rupiah slid past Rp 17,500 per dollar to a fresh low as Iran-US tensions and looming US inflation data lifted the greenback.JCI Drops 0.92% Amid Iran Conflict Escalation, MSCI Wait-and-See
JCI closed down 0.92% on Monday as rising Middle East tensions and MSCI rebalancing concerns dampened investor sentiments.Indonesian Stocks Slip Ahead of MSCI Review, US-China Meeting
Indonesia’s benchmark stock index opened lower on Monday as investors awaited the MSCI review and monitored Middle East tensions.The Latest
Ayase Ueda Scores Twice in Japan’s 4-0 Win Against Tunisia
Japan’s four goals were the most the Samurai Blue had ever scored in a World Cup game.Jakarta Completes Rasuna Said Revamp, Removes 109 Derelict Pillars
Jakarta has completed the transformation of Rasuna Said, removing 109 abandoned monorail pillars and upgrading public spaces.Curacao Earns First-Ever World Cup Point after Goalless Draw with Ecuador
Curacao goalkeeper Eloy Room made 15 saves against a relentless Ecuador attack, allowing The Blue Wave to earn a 0-0 draw.Germany Beats Ivory Coast 2-1 to Advance to World Cup Knockout Phase
Four-time champion Germany has come back from disappointing group stage exits in 2018 and 2022.Netherlands Routs Sweden 5-1 to Lead Group F
Sweden coach Graham Potter said the defeat was less about what his team did and more about just how good Netherlands played Saturday.Most Popular
