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Indonesia is shifting oil imports from Saudi Arabia to Russia and Brunei amid Middle East tensions and rising prices, with a stranded tanker and storage expansions.
Indonesia is diversifying its oil and gas imports by evaluating supplies from Russia and Brunei to boost energy security amid Middle East tensions and rising global prices.
The government is considering Russian crude, made more accessible by a U.S. 30-day waiver on sanctioned oil, and exploring LPG cooperation with Brunei.
Imports from Saudi Arabia dropped sharply from 104,000 to 23,000 barrels per day in March due to shipping disruptions, with a Pertamina tanker stranded in the Gulf carrying 2 million barrels.
Indonesia is also expanding domestic crude storage and may cut government spending if high oil prices continue.
Indonesia está cambiando las importaciones de petróleo de Arabia Saudita a Rusia y Brunei en medio de las tensiones en Medio Oriente y el aumento de los precios, con un buque cisterna varado y expansiones de almacenamiento.