Jakarta – The government has begun to anticipate the impact of the heated geopolitical conditions in the Middle East on the supply of crude oil and fuel oil (BBM) from the region, especially since Indonesia is a major importer of oil from the region.
In a discussion with the media, Minister of Energy and Mineral Resources Arifin Tasrif revealed that more than 800,000 barrels per day of crude oil and fuel are imported from abroad to meet domestic needs, which reach around 1.5 million barrels per day.
He said on Friday, April 19, “We import approximately 240,000 barrels of crude oil per day from various countries such as Saudi Arabia and Nigeria.”
According to him, fuel imports also reached a significant figure. “Then we also import fuel equivalent to approximately 600 thousand barrels daily. From Singapore, we can export fuel, then from Malaysia, and another from India,” Arifin added.
In this context, the government is designing anticipatory scenarios if the supply of crude oil and fuel from the Middle East is disrupted due to the escalation of geopolitical conflicts. “We also have to anticipate the sources of supply for Singapore’s refineries, Malaysia’s refineries, and India’s refineries,” he said.
The anticipated steps taken by the government are expected to mitigate the potential increase in crude oil and fuel prices that could significantly impact state finances. Although there are no complete details related to the scenario compiled, this initial step shows the Government’s seriousness in dealing with the uncertainty of the increasingly complex global energy market. (Hartatik)
