Indonesia has secured access to up to 150 million barrels of Russian crude oil at preferential pricing, state media Antara reported Thursday, citing presidential special envoy for energy and environment Hashim Djojohadikusumo.
He said the arrangement followed President Prabowo Subianto's recent visit to Moscow and discussions with Russian President Vladimir Putin, where initial supply commitments were made. Under the deal, 100 million barrels would be supplied first, with an option to expand by another 50 million barrels depending on Indonesia's needs, reportedly.
The supply is intended to strengthen energy security and provide a buffer against global market volatility. Officials said shipments could begin in 2026 as Indonesia continues efforts to diversify its energy imports, the news outlet said.
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