JakartaGlobe-Mar 29

The state energy company Pertamina is open to the possibility to buy crude oil from Russia amid a series of sanctions by Western countries against the country, the company’s president director Nicke Widyawati told the lawmakers on Monday. “At the current price amid geopolitical situation, we see an opportunity to buy from Russia at a good price,” Nicke said at a hearing with the House of Representatives Commission VI, which oversees trade, cooperatives, state-owned enterprises, investment, and national standardization. Nicke said Taufik Aditiyawarman, the president director of Kilang Pertamina Internasional, a Pertamina subsidiary that operates its refineries, has been in close contact with counterparties to explore the opportunities. She also said that Pertamina talked with the Ministry of Foreign Affairs and Bank Indonesia to discuss the Russian oil purchase. “For this matter, there is no problem politically as long as the companies we deal with are not subject to [Western] sanctions,” Nicke said. She also noted that Pertamina would conduct the purchase purely on a business-to-business basis. Nicke said the company plans to process the Russian crude oil at the Balongan refinery. Read more at: https://jakartaglobe.id/business/too-cheap-to-ignore-indonesia-keens-on-russian-oil