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28.10.25 - 01:54
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Indonesia interested in oil, gas supplies from Russia — Russian envoy (TASS)
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"I haven't yet given any figures or mentioned any company names so as not to create unhealthy excitement and expose our Indonesian partners to the possible risk of secondary sanctions from Western countries, which are closely monitoring what we do in Indonesia," Sergey Tolchenov added...
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20.10.25 - 12:06
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Shell′s Fuel Shortage In Indonesia Proves The Next Era Is Electric (ZeroHedge)
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Shell's Fuel Shortage In Indonesia Proves The Next Era Is Electric
Around 200 Shell outlets in Indonesia have run out of gasoline after domestic supply disruptions tied to state oil giant PT Pertamina and a sweeping corruption probe, according to Bloomberg.
Rivals such as BP AKR and Vitol's Vivo have also been empty for weeks. Lines now snake through Pertamina's own stations, the only ones still reliably selling fuel — though “neither drivers, nor private competitors, trust the quality of the product it offers.” Shell decided in May to leave the retail market altogether.
A century ago, Indonesia was among the world's great petroleum producers. A deal between a London trader and a Dutch oilfield operator in Sumatra led to the founding of what became Shell in 1907. But the nationalization of its Indonesian arm in 1957 created Pertamina, which soon became a symbol of both wealth and graft. Under General Ibnu Sutowo, who ran the company until 1976, Pertamina collapsed under billions in d...
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24.09.25 - 21:45
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Sharp Rise In China-Indonesia Oil Imports Points To Iranian Workaround (ZeroHedge)
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Sharp Rise In China-Indonesia Oil Imports Points To Iranian Workaround
China has logged a sharp increase in crude imports from Indonesia in recent months, suggesting Beijing has found "new workarounds" to access Iranian oil despite U.S. sanctions, Bloomberg reports.
Oil storage tanks on the outskirts of Shanghai. Source: Bloomberg
Chinese customs data show 2.7 million tons of crude from Indonesia - roughly 630,000 barrels a day - arrived in August. That followed a tripling of flows in July compared with the previous month. The volumes are unusually high given Indonesia has been a net oil importer for more than two decades. Last year the country pumped about 580,000 barrels a day, most of it consumed domestically, according to the U.S. Energy Information Administration. Local demand runs near 1.7 million barrels a day.
China has a new conduit for its purchases of Iranian oil.
"Indonesia" is the new "Malaysia."
Last month, China bought 2.7 million tons (~630,00...
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