Indonesia Says UAE's OPEC Exit Won't Strain Ties
Jakarta. The United Arab Emirates or the UAE is about to quit the OPEC and OPEC+ groups in less than 24 hours from now amid a raging global energy crisis -- a decision that Jakarta says will not strain bilateral ties.
The UAE announced that it would exit the cartel that coordinates production among many of the world’s largest oil producers for the sake of its “national interests”, effective on May 1. Its departure came at a time when countless oil tankers are still unable to escape the Strait of Hormuz due to the US-Israel-Iran war.
Foreign Ministry spokeswoman Yvonne Mewengkang said Thursday that Jakarta viewed UAE's exit as “part of the evolving dynamics of global energy governance”.
“The Indonesian government will continue to keep an eye on the overall situation and its implications [of the UAE's departure] on our economy and national energy security,” Yvonne told a press conference in Jakarta on Thursday.
“The UAE's policy [of quitting OPEC] will not take a toll on our existing bilateral relationship or the strategic cooperation that we have established.”
Reports show that OPEC has struggled with Saudi Arabia’s dominance in the group’s decision-making.
Aside from the UAE, the OPEC includes Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela. The club holds more than 80% of the world’s proven oil reserves. It regulates oil prices by placing caps on how much oil each member can produce.
In 2025, the UAE’s production totaled 4.6 million barrels per day, making it the group’s third-largest producer of petroleum and other liquids. On top of the list were Saudi Arabia (11.19 million barrels per day) and Iran (4.71 million barrels per day), according to the Associated Press. The UAE aims to ramp up production to 5 million barrels per day by 2027.
The latest available government data revealed Indonesia’s oil and gas imports from the UAE totaled $337.2 million in the first two months of 2026. This marks quite a jump from $129.2 million recorded the same period the previous year. About $995.7 million worth of Emirati oil and gas shipments flowed into Indonesia throughout 2025.
Tags: Keywords:
as a preferred
Related Articles
Transport Sector Consumes 90% of Indonesia’s Rp 300 Trillion Fuel Subsidy
Indonesia is expanding urban mass transit after transport consumed 90% of the Rp 300 trillion fuel subsidy budget.
ASEAN to Ratify Fuel-Sharing Pact by November
ASEAN hopes to ratify the oil-sharing pact no later than its upcoming summit in mid-November.
Indonesia Worried Attacks on UAE Oil Facility Harm Energy Security
While the UAE blames Iran for the blaze, Jakarta refuses to mention Iran in its statement and calls everyone to exercise self-restraint.
Purbaya: Holding Fuel Prices Keeps Inflation at 2.42%
Indonesia’s April inflation held at 2.42% yoy as the government absorbed global oil price pressures to protect purchasing power.
Indonesia Says UAE's OPEC Exit Won't Strain Ties
The UAE will officially quit the oil cartel in less than 24 hours -- a decision that Jakarta says will not affect bilateral ties.
Indonesia ‘Open to All Partners’ as EU Urges Russian Oil Exit
Indonesia has said it is “flexible” when it comes to picking its oil suppliers as long as they can help boost domestic supplies.
JCI Stays Afloat at 7,101, But Rally Runs Into Fed, Oil Risks
JCI edges up to 7,101 on bargain hunting, but momentum stalls as investors brace for Fed decision and global oil risks.
What’s at Stake as UAE Walks Away From OPEC
The UAE’s exit from OPEC could weaken the cartel’s grip on oil supply, signaling a more fragmented market and higher price volatility.
Concrete Action Needed: ASEAN, EU Gather in Brunei as Fuel Crisis Deepens
Only time will tell whether talks can yield an actionable proposal to cool down the energy shocks triggered by the Iran war.The Latest
Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development
Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026
AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996
Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore
Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
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.Most Popular
