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Search result with “Crude Oil Export” as a keyword founded 247 news.
Judge Stashed $360,000 in Bribe Money Under Mattress, AGO Reveals
... involving a high-profile crude palm oil (CPO) export case. Prosecutors recovered ... an acquittal for three palm oil companies -- Wilmar Group, ... a 2022 temporary CPO export ban imposed by then- ... to address a nationwide cooking oil shortage. Prosecutors argue that ...News Apr 23, 2025 | 9:43 pm
Indonesia Prepares Economic Stimulus to Counter US Tariffs, Protect Local Jobs
... package to shield its export-driven economy from retaliatory ... workers. “This significantly raises export costs. US buyers are ... concessions on 20 priority export products in return for ... agricultural commodities, including LPG, crude oil, wheat, and soybeans, and ...Business Apr 18, 2025 | 6:15 pm
Prabowo Vows Judicial Reform After Judges Arrested for Bribery
... to a controversial acquittal in a crude palm oil (CPO) export corruption case. The case ... of a 2022 CPO export ban during a domestic cooking oil shortage, involving major ...News Apr 17, 2025 | 6:59 pm
Prosecutors Seize 28 Luxury Vehicles from Lawyer in Jakarta Court Bribery Scandal
... -profile case involving illegal crude palm oil (CPO) exports. Ariyanto ... CPO export ban imposed during Indonesia’s 2022 cooking oil crisis. ... from a temporary CPO export ban introduced by then ... curbing a nationwide cooking oil shortage. Prosecutors allege that ...News Apr 16, 2025 | 11:15 pm
Supreme Court Forms Evaluation Task Force Following Arrest of Four Judges
... accused of illegally exporting crude palm oil (CPO). The judges ... a 2022 CPO export ban imposed during a domestic cooking oil shortage. A senior ... breaching the temporary CPO export ban issued by then- ... to subsidize domestic cooking oil prices to manage the ...News Apr 14, 2025 | 5:34 pm
Three Judges Arrested for Alleged Bribery in CPO Export Trial
... accused of illegally exporting crude palm oil (CPO). The corporate ... of violating a temporary CPO export ban imposed by then- ... 2022, during a nationwide cooking oil shortage. Prosecutors allege that ... heavily subsidize domestic cooking oil prices to offset the ...News Apr 14, 2025 | 8:17 am
Indonesia's Palm Oil Export Soars 58 Pct to $2.27 Billion
... showed that the Indonesian crude palm oil (CPO) and derivatives ... the highest [CPO] export that Indonesia has ever recorded ... foreign trade partners. Palm oil products were worth approximately ... recovery in Indonesia's palm oil exports. Southeast Asia's largest ...Business Mar 17, 2025 | 3:04 pm
Indonesia Keeps Positive Trade Balance for 58 Months in a Row, But Surplus Weakens
... others. BPS revealed that crude palm oil (CPO) exports had soared ... $1.72 billion deficit in its oil and gas trade last month ... said. A farmer loads palm oil fresh fruit bunches onto his ... 2025. Indonesia records rising palm oil exports that month. (Antara Photo ...Business Mar 17, 2025 | 12:39 pm
Indonesia Approves Congo's Palm Oil Council CPOPC Membership
... way for a more inclusive palm oil industry in Africa". A farmer ... a drop in its palm oil exports. According to the Central ... exported $1.44 billion worth of crude palm oil (CPO) and its derivatives ... to the $1.89 billion export recorded in December 2024.News Mar 13, 2025 | 10:16 am
Police Raid Factory, Arrest Suspect in Crackdown on Fraudulent Minyakita Sales
... Crackdown on Fraudulent Cooking Oil Sales The raid followed ... shortage of affordable cooking oil. Then-President Joko Widodo ... cooking oil producers receive larger crude palm oil (CPO) export quotas in ... companies are allowed to export 20 percent more CPO ...News Mar 11, 2025 | 4:25 pm
Minister Andi Amran Identifies 3 Companies for Underweight Subsidized Cooking Oil
... overpricing government-subsidized cooking oil. During a market inspection ... cooking oil producers receive larger crude palm oil (CPO) export quotas ... to the program can export 20 percent more ... also introduced bulk cooking oil distribution, but logistical ...Business Mar 9, 2025 | 10:05 pm
Two More Pertamina Executives Charged in $11.9 Billion Graft Scandal
... all nine suspects illegally imported crude oil to supply Pertamina’s refineries, despite ... Rp 35 trillion in crude oil export losses (since local crude was sold abroad ... . They allege Kerry Riza secured crude oil supply contracts without a proper bidding ...News Feb 27, 2025 | 4:29 am
Brazil to Join OPEC+, Group of Major Oil-Exporting Nations
... +, a group of major oil-exporting nations, signaling the ... forum for discussing strategies among oil-producing countries. We should ... the world's seventh-largest oil producer, with about 4.3 ... In 2024, crude oil became the country´s top export product, accounting ...Business Feb 19, 2025 | 12:26 am
Indonesian Palm Oil Export Sees Double-Digit Drop to $1.44 Billion
... drop in the export of its top commodity palm oil, according to ... Agency (BPS). Exports of Indonesian crude palm oil (CPO) and its derivative ... first month of 2024. The export volume then shrank as the ...Business Feb 18, 2025 | 10:14 am
JCI Slides, Rupiah Strengthens as Indonesia Faces Spending Cuts and Global Uncertainty
... by strong domestic and export demand ahead of Ramadan and ... yen strengthened, putting pressure on export-reliant industries. In Europe, ... trade tensions. Oil prices ticked upward, with US crude rising to ... 13 per barrel and Brent crude at $74.95, supported ...Business Feb 7, 2025 | 7:20 pm
Most of Indonesia’s Oil Consumption Supplied by Singapore
... that does not produce crude oil. Indonesia’s domestic oil production stands at around ... nearly half of Indonesia’s projected crude oil exports of approximately 28 million ... 13 million barrels of crude oil, originally designated for export, will be redirected ...Business Jan 30, 2025 | 11:28 pm
Indonesia Aims to Boost Oil Output to 1 Million Bpd in Four Years
... nearly half of Indonesia’s projected crude oil exports -- approximately 28 million barrels ... refineries to absorb all available crude oil, including lower-grade output that ... 13 million barrels of crude oil, originally designated for export, will be redirected ...Business Jan 30, 2025 | 12:20 pm
Indonesia to Maximize Local Refineries, Cut Crude Oil Exports
... that all state-owned crude oil initially designated for export would now be ... redirected to domestic refineries. Additionally, crude oil from ... specifications. This will further reduce crude oil exports," Bahlil said in a statement ...Business Jan 30, 2025 | 10:29 am
Indonesia to Restrict Crude Oil Exports to Meet Domestic Demand
... nearly half of the projected crude oil exports -- approximately 28 million barrels ... of processing a wider range of crude oil, including below-standard varieties. Additionally ... 13 million barrels of crude oil, originally intended for export, to supply local ...Business Jan 29, 2025 | 11:21 pm
Russia Open to Export Its Cheap Oil to Indonesia
... sanctions forced Russia to sell crude oil at a discount of $3 to ... possibility of buying cheap Russian oil. The government’s senior ... ’s interest in his country’s oil. However, Tolchenov said that ... the country needs. Indonesia’s oil imports mainly came from ...Business Jan 21, 2025 | 12:53 pm
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