Uche Cecil Izuora
Indonesia has commenced receiving crude oil shipments from Nigeria as part of efforts to diversify its import sources and reduce reliance on West Asian supplies amid growing concerns over a global supply crisis.
The supply from Nigeria is already underway and shipments are arriving, saiEnIndonesia’s Energy and Mineral Resources Ministry Oil and Gas Director General Laode Sulaeman.
According to Antara news agency on Wednesday, he said Russia, the United States and Nigeria were currently among Indonesia’s main alternative crude oil sources due to their large supply volumes.
He also assured that Indonesia’s domestic energy reserves, including crude oil, fuel and liquefied petroleum gas (LPG), remained secure.
Indonesia imported about 20% of its crude oil from West Asia before conflicts in the region escalated.
In April, following talks with Moscow, Indonesia secured a commitment for the supply of 150 million barrels of crude oil from Russia, with deliveries scheduled in stages until the end of 2026.
Sulaeman noted that Indonesia has been prioritizing crude oil from areas with shipping routes that bypass the Strait of Hormuz.
On Monday, Energy and Mineral Resources Minister Bahlil Lahadalia said that Indonesia is set to begin importing Russian crude within weeks.