Indonesia imprisons two former officials and the former head of Pertamina in a major corruption case
A court in Indonesia found guilty a former chief executive, two ex-officials and a subsidiary of the state energy company Pertamina on Thursday of a major case of corruption involving its subsidiaries. Prosecutors claim that this corruption caused state losses of $17 billion.
Indonesian court delivers verdicts in corruption cases linked to Pertamina, the state energy company
On Thursday, an Indonesian court will deliver its verdict on nine people who are accused of illegally importing crude oil, leasing a fuel terminal and other actions which caused the state to lose 285 trillion Rupiah (US$17 billion). The defendants include former chief executives of Pertamina Patra Niaga…
In mid-2026, Inpex will invite bids for the construction of Indonesia's Abadi Liquefied natural gas project.
Inpex, a Japanese oil and natural gas exploration company, said that it would begin the engineering tender for its Abadi project in Indonesia by the middle of this year. Jakarta has pledged to eliminate 'bureaucratic snags' in order to expedite development on the $21 billion project.
Indonesian Pertamina will continue to bid for US energy imports
Pertamina, the Indonesian state oil and gas company, said on Friday that imports of energy products from the U.S. will still be done 'through a competitive bidding process' following the conclusion of the trade agreement between the two nations. On Thursday, Indonesia and the U.S.
Indonesian Pertamina will continue to bid for US energy imports
Pertamina, the Indonesian state oil and gas company, said on Friday that imports of energy products from the U.S. will still be done 'through a competitive bidding process' following the conclusion of the trade agreement between the two nations. On Thursday, Indonesia and the U.S.
Indonesia and US firms sign trade, investment agreements worth $7 billion
The U.S. ASEAN Business Council reported that Indonesian & U.S. firms signed 'trade and investment agreements worth more than $7 bn? on Wednesday, a day before Indonesian President Prabowo?Subianto meets with U.S. president Donald Trump for a meeting to sign a final deal. According to a U.S.
Data shows that Indonesia imported Russian Sakhalin crude oil in December and January.
Ship tracking data revealed on Tuesday that Indonesia imported two cargoes in December and in January of Russian oil. These purchases were rare for the Southeast Asian nation and could be a sign of Russian oil sellers looking to expand their market in response to pressure from other buyers.
BP Indonesia imports fuel from Pertamina to replenish after a shortage, the company reports.
BP's Indonesian fuel station operator said that it imported base fuel through a unit of Indonesian state energy company Pertamina. This was to replenish supplies following a shortage which has been plaguing private retailers in Southeast Asia’s largest economy.
State media reports that Indonesia is considering a mandate for bioethanol blended fuel
The energy minister told the state-run news agency Antara on Tuesday that Indonesia was considering a 10% bioethanol level in gasoline to reduce carbon emissions and the country's dependency on fuel imports. Indonesia is looking to increase the…
Documents show that Indonesia's Pertamina wants to increase Oct gasoil and jet fuel deliveries.
Pertamina, Indonesia, is seeking to purchase 1.2 million barrels of jet fuel and gasoil with a sulphur content of 2500ppm via two spot bids. The bid for jet fuel closed at 1400 local, while the bid for gasoil ended at 1000 local (0300 GMT). The two tenders have been issued by Pertamina Patra Niaga…
Minister: Indonesia will allow private fuel retailers import gasoline via Pertamina to meet shortages
The energy minister announced on Friday that Indonesia will allow private fuel retailers such as Shell and BP to import more gasoline via state energy company Pertamina, as their petrol station are running out. Shell and BP AKR, which operates BP fuel stations…
Indonesia will tighten ethanol imports according to the Agriculture Minister
Amran Sulaiman, Indonesia's Agriculture Minister, said that the country will tighten its controls on ethanol imports. This is to support farmers who have been hit by the fall in molasses prices, which are a major feedstock. He didn't say when his policy would be implemented.
Anti-trust agency: Indonesia's unsubventioned fuel policy may harm consumers and create unfair practices
The Indonesian anti-trust agency said that its import restrictions on fuels sold by private companies without subsidies have reduced consumer options and could lead to an unfair competition environment. Shell and BP AKR, which operates BP's petrol stations…
Indonesia sovereign wealth fund INA targets AI in healthcare and renewables, data centres and the Indonesian sovereign wealth fund INA
Chief Investment Officer of the Indonesia Investment Authority, Mr. Agung, said that the fund's priority areas are digital infrastructure, healthcare, and renewables, as it seeks to support the economic development of the country and find foreign partners.
Inpex awards contracts for engineering design of Indonesian LNG Project
Inpex Corp, a Japanese oil and natural gas exploration company, announced on Monday that it had awarded several contracts for the early stages of design work in its $20 billion Abadi project for liquefied gas in Indonesia's Masela Block. This move…
State news agency reports that Saudi Arabia and Indonesia have signed several deals valued at around $27 billion.
Saudi Arabia and Indonesia have signed deals and memorandums worth $27 billion in the private sector, including in clean energy and petrochemicals. This was reported by Saudi state news agency SPA on Wednesday. On Wednesday, Indonesian President…
Pertamina, an Indonesian company, has imported Russian crude oil since last year
The CEO of Pertamina’s refinery division said that Indonesia’s Pertamina imports Russian crude to its refineries since last year. Taufik Adidiyawarman is the CEO of Kilang Pertamina International, a refinery unit. He spoke to reporters at the Indonesian Petroleum Association Conference.
Indonesia offers three new oil blocks
An official from the Energy Ministry said that Indonesia has opened a new round of oil-and-gas block tenders, and offered three new blocks to contractors. This is part of efforts to increase energy supplies. Indonesia's oil production has declined over the last decade as reserves have been depleted.
As part of the tariff negotiations, Indonesia wants to reduce fuel imports from Singapore and increase them in the US.
Indonesia's energy minister announced on Friday that it plans to switch the source of some fuel imports to the United States in negotiations over high tariffs. The United States has imposed 32% tariffs on Indonesian products, but, like many other countries…
Indonesia awarded five oil and gas blocks as it seeks energy security
Indonesia has awarded five oil blocks and gas blocks to various companies, the energy ministry announced on Wednesday. The country is trying to increase its oil reserves and energy security. In the next few years, the government will offer more…