Indonesia expects to begin receiving Russian crude oil within the next one to two weeks as part of a 150 million ton supply deal, Jakarta Globe reported Tuesday, citing Energy and Mineral Resources Minister Bahlil Lahadalia.
The agreement, which was signed after Indonesian President Prabowo Subianto's visit to Russia last month, runs through 2026. The purchase contract has reportedly already been signed, with both sides now finalizing technical arrangements for delivery schedules.
Indonesia is weighing two import structures, including direct purchases via state energy firm Pertamina or a more flexible public service agency mechanism. The plan is part of efforts to strengthen energy security and diversify crude supply amid volatile global markets, the news outlet said.
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