exellent crabgood crab

Russia, Indonesia in Talks for Long-Term Oil Contracts

Jayanty Nada Shofa
April 14, 2026 | 1:01 pm
SHARE
President Prabowo Subianto meets his Russian counterpart Vladimir Putin in Moscow on April 13, 2026. (Photo Courtesy of Cabinet Secretariat)
President Prabowo Subianto meets his Russian counterpart Vladimir Putin in Moscow on April 13, 2026. (Photo Courtesy of Cabinet Secretariat)

Jakarta. The Russian government recently said that it had entered into talks with Indonesia on possibly clinching long-term oil contracts as Jakarta sought to plug the supply gap left by the Iran war.

Russian state news agency TASS, quoting the country’s energy minister Sergey Tsivilyov, wrote Monday that both sides had begun working on the said contracts. Tsivilyov made the statement amid President Prabowo’s visit to Moscow. Tsivilyov offered little detail on the arrangement, including how big an order Indonesia was looking to place.

“We received a request from our Indonesian counterparts for the supply of petroleum products to them. We are now working seriously on drawing up long-term contracts at a mutually beneficial price,” Tsivilyov told Channel One television.

The Jakarta Globe has reached out to the Energy Ministry for comments. However, the government statements from the Indonesian side did not mention the long-term contracts.

Energy Minister Bahlil Lahadalia — who joined the Moscow tour — has said that the government would oversee the opportunities that they had discussed. This includes beefing up the oil trade and the refinery cooperation, according to Bahlil, alluding to the stalled Tuban project. 

ADVERTISEMENT

Russian oil giant Rosneft had partnered with state-run oil firm Pertamina to run the East Java-based Tuban refinery project, but the Ukraine war had further put the plan in limbo.

“The visit marks a major momentum to ensure national fuel supplies and strengthen our energy security,” Bahlil was quoted as saying in a press release.

The live-broadcast talks of President Prabowo’s meeting with his Russian counterpart Vladimir Putin touched on energy ties, but made no mention of oil purchases. Cabinet Secretary Teddy Indra Wijaya said the meeting had gone on for 5 hours, and the government stream lasted only around 15 minutes. Prabowo told Putin that he came to Moscow to seek “consultations” amid the rapid geopolitical changes, alluding to the US-Israeli fighting with Iran.

“We find it extremely necessary to consult [with Russia] in facing the current situation going forward. And if possible, we wish to continue to beef up our economic and energy cooperation,” Prabowo said at the Kremlin.

Roughly a quarter of Indonesia’s crude imports had come from the Middle East. However, they can’t exit the region without crossing the Strait of Hormuz, which Iran has blocked since the war began at the end of February. Southeast Asia’s biggest economy is now searching for new supplies, although it has previously inked a commitment to facilitate $4.5 billion worth of US crude as part of a tariff deal.

Tags: Keywords:
SHARE

Related Articles


Business Apr 18, 2026 | 5:13 pm

Russia Says Indonesian Oil Prices Are to Be Discussed by Businesses

Russia says that the oil prices "are to be discussed and agreed upon by the business entities".
Business Apr 17, 2026 | 2:56 pm

Indonesia Set to Begin Russian Oil Imports This Month, Minister Bahlil Says

Indonesia plans to start importing Russian crude oil this month to diversify supply and strengthen energy security amid global risks.
Business Apr 14, 2026 | 6:34 pm

Russia to Supply Crude and LPG to Indonesia Following Moscow Talks

Indonesia secures crude and LPG supply from Russia as it diversifies energy sources amid Middle East supply disruptions.
Business Apr 14, 2026 | 1:01 pm

Russia, Indonesia in Talks for Long-Term Oil Contracts

Indonesia wants to plug the energy supply gap left by the Iran war, and it is in talks with Russia for long-term oil contracts.
News Apr 13, 2026 | 9:45 pm

Prabowo Tells Putin He Wants Closer Energy Ties, But No Oil Deal So Far

Prabowo is on a Moscow trip as Jakarta navigates the global energy crunch driven by Iran’s Strait of Hormuz blockade.
News Apr 13, 2026 | 8:02 am

Prabowo Heads to Moscow for Possible Oil Deal with Putin

Indonesia is eyeing an energy deal with the world's third-largest oil producer Russia as a global energy crunch rages on.
News Mar 12, 2026 | 7:01 am

Russia’s Rosatom Says Nuclear Offer Still Stands as Indonesia Awaits Watchdog

Coal-reliant Indonesia aims to generate 500 megawatts of nuclear power by 2033.
News Jan 24, 2026 | 2:26 pm

Russia Promises ‘Proven, Safe’ Nuclear Power for Indonesia

Russia says the nuclear technologies that it provides is "proven, safe, efficient" as Indonesia eyes the debated source of energy.

The Latest


News 3 hours ago

Dear Mr. President, Don’t Skip ASEAN Summits

Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.
Business 4 hours ago

PLN Rushes Coal Supplies After Power Outages Hit Java

PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Business 8 hours ago

Japan-Backed ADB Invests in Indonesia’s Human Capital

As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.
Business 8 hours ago

Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms

Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
News 9 hours ago

World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive

Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED