1 jam yang lalu
April 23, 2026 | 04:18 pm
TEMPO.CO, Jakarta - Indonesia has secured a commitment from Russia to supply up to 150 million barrels of oil at a special price following President Prabowo Subianto’s recent visit to Moscow, according to his special envoy for energy and environment, Hashim Djojohadikusumo.
Speaking at the Economic Briefing 2026 in Jakarta on Thursday, Hashim said the agreement would allow Indonesia to store the oil domestically as a buffer against potential economic shocks.
“Indonesia has now secured a commitment from the Russian government for 150 million barrels that we can store to anticipate economic volatility,” he said.
Hashim explained that the deal was a direct outcome of Prabowo’s visit to Russia on April 13, during which he held a three-hour meeting with Russian President Vladimir Putin.
According to Hashim, Russia initially agreed to promptly supply 100 million barrels of oil at a discounted price. If Indonesia requires additional volumes, Moscow has committed to providing a further 50 million barrels.
“That’s why he went to Moscow, not for leisure. He met President Putin for three hours and secured this commitment,” Hashim said.
The agreement positions Russia as an alternative energy supplier for Indonesia amid a global energy crunch driven by escalating geopolitical tensions, including the conflict involving the United States, Israel, and Iran.
Earlier, Energy and Mineral Resources Minister Bahlil Lahadalia said Indonesia is targeting to begin receiving crude oil imports from Russia as early as April 2026.
Meanwhile, negotiations on liquefied petroleum gas (LPG) imports from Russia are still ongoing. The proportion of LPG imports from Russia relative to Indonesia’s total demand remains under discussion.
The government says these measures are part of a broader strategy to ensure energy security amid global uncertainty.
“We need diversification. God willing, our crude supply will continue to improve,” Bahlil said.
Read: US Weighs Financial Backstop for UAE as Iran War Strains Region
Click here to get the latest news updates from Tempo on Google News
US Weighs Financial Backstop for UAE as Iran War Strains Region
1 hari lalu
The U.S. has declared its readiness to assist the UAE should the Gulf country's economy be disrupted due to the conflict with Iran.
Pertamina Raises 12-kg LPG Price amid Global Oil Surge
3 hari lalu
Pertamina Patra Niaga has raised non-subsidized 12-kg LPG prices to Rp228,000 per cylinder.
Spain, Brazil, Mexico Vow to Boost Cuba Aid Amid US Threats
4 hari lalu
Spain, Brazil and Mexico have pledged to boost aid efforts for Cuba to ease a humanitarian crisis they say is the result of a US blockade against Cuba
Indonesia Hails Strait of Hormuz Reopening as Positive Step
5 hari lalu
Indonesia welcomed Iran's reopening of the Strait of Hormuz, calling it a positive sign of easing tensions and improving global energy stability.
Indonesia Holds Fuel Prices Steady Through Year-End on Secure Supply
6 hari lalu
Minister of Energy and Mineral Resources Bahlil Lahadalia stated that the government will not raise subsidized fuel prices until the end of 2026.
Minister: Plastic Shortage Lifts Cooking Oil Prices in Indonesia
6 hari lalu
Despite the price increase, Trade Minister Budi Santoso assured that cooking oil supply remains sufficient.
Iran Claims Oil Tanker Passed Hormuz Despite US Blockade
7 hari lalu
An Iranian oil tanker carrying crude oil is reported to have entered the country's waters after passing through Strait of Hormuz amid US blockade.
Indonesia Secures Oil, LPG Supply Deal with Russia
8 hari lalu
This LPG and oil supply agreement is part of the results of Indonesian President Prabowo Subianto's visit to Moscow, Russia.
Philippines Seeks US Nod to Buy More Russian Oil
8 hari lalu
The Philippines is awaiting a response from the US to buy more oil from Russia.
Pertamina to Assess Russian Crude for Indonesian Refineries
8 hari lalu
Pertamina will follow up according to the instructions set by the government regarding Indonesia's plan to buy oil from Russia.
English (US) · 
Indonesian (ID) ·