Indonesia ‘Open to All Partners’ as EU Urges Russian Oil Exit
Jakarta. Indonesia has said it is “flexible” when it comes to picking its oil suppliers as long as they can help boost domestic supplies after the European Union (EU) urged ASEAN economies to ditch Russian crude.
EU’s foreign policy chief Kaja Kallas recently said in Brunei that ASEAN should seek alternatives to Russian oil, warning that Moscow's crude revenue has bankrolled the war in Ukraine. Countries across the globe are now searching for alternative energy sources after Iran’s Strait of Hormuz blockade puts pressure on oil shipments from the Middle East. Russia’s client list for crude has grown since the Iran war erupted as oil from Middle East nations are unable to leave the Hormuz Strait. Indonesia has agreed to buy its crude and liquefied petroleum gas (LPG) following President Prabowo Subianto's trip to Moscow earlier this month.
Asked about Europe’s concerns, Foreign Affairs Ministry spokesman Vahd Nabyl A Mulachela said on Thursday that shoring up energy reserves had been Indonesia’s top priority. And so, Southeast Asia’s biggest economy insists that it is open to whoever does the job.
“Amidst the current highly dynamic geopolitical conditions, it is of our urgent national interest to secure energy security,” Nabyl told a press briefing in Jakarta.
“We are working together with various partners, including the US and Russia. … We are open to stronger cooperation with everyone, including the EU, to ensure energy affordability, reliability, availability, and long-term stability.”
Kallas made the warning on the margins of the ASEAN-EU ministerial talks on Tuesday, even saying that the current energy crisis “is benefiting Russia”.
Deputy Foreign Minister Arrmanatha Nasir told the Jakarta Globe later that day that no European representative had raised the issue, “be it in the forum, hallways, or the pull-aside meetings”.
“Our focus here is to boost relations, be it bilaterally or bloc-to-bloc,” Arrmanatha, who was leading Indonesia's delegation at the Brunei talks, said at the time.
Within ASEAN, countries such as Malaysia and Vietnam are pursuing separate efforts to secure Russian fuel.
Prabowo's younger brother Hashim Djojohadikusumo claimed that the Russian deal would include up to 150 million barrels of oil. The initial shipments would include 100 million barrels which Russia was willing to give at a “special price”, he said.
Jakarta has previously committed to facilitating US enegy imports as part of their controversial tariff agreement. Indonesia's to-buy list was supposed to be as follows: $4.5 billion worth of crude and LPG valued at $3.5 billion.
Tags: Keywords:Related Articles
Indonesia Backs Trump’s Iran Deal, Calls It Economic Mood Booster
Indonesia says Trump's deal with Iran has caused crude prices to fall, possibly sparking a positive sentiment for the economy.Indonesia Flags Insurance Problem in Strait of Hormuz Passage
Most insurers only want to cover the vessels when they are parked off an island, a deputy minister says as Indonesia awaits Hormuz passage.Transport Sector Consumes 90% of Indonesia’s Rp 300 Trillion Fuel Subsidy
Indonesia is expanding urban mass transit after transport consumed 90% of the Rp 300 trillion fuel subsidy budget.Indonesia Drafts Rules to Enable Russian Oil Imports Despite Western Sanctions
Indonesia is preparing new regulations to facilitate Russian oil imports while shielding state energy firms from sanctions risks.Singapore Keeps Malacca Strait Open With Indonesia, Malaysia
Singapore wants Iran to copy what the trio has done at the Strait of Malacca, which to this day remains an "open and safe waterway".ASEAN to Ratify Fuel-Sharing Pact by November
ASEAN hopes to ratify the oil-sharing pact no later than its upcoming summit in mid-November.Purbaya: Holding Fuel Prices Keeps Inflation at 2.42%
Indonesia’s April inflation held at 2.42% yoy as the government absorbed global oil price pressures to protect purchasing power.Trump Unveils ‘Project Freedom’ to Escort Ships from Strait of Hormuz
The US will launch Project Freedom to guide ships from the Strait of Hormuz as tensions rise and fresh attacks hit vessels.US Warns Shipping Firms of Sanctions Over Iran “Tolls” in Strait of Hormuz
The US warns shipping firms they risk sanctions for paying Iran for safe passage through the Strait of Hormuz, escalating tensions.ASEAN Agrees to Avoid ‘Unnecessary’ Trade Barriers as Iran Crisis Stings
ASEAN says any emergency measures must be temporary, and not create unnecessary barriers to trade as the group deals with the Iran crisis.The Latest
Dear Mr. President, Don’t Skip ASEAN Summits
Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.PLN Rushes Coal Supplies After Power Outages Hit Java
PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.Japan-Backed ADB Invests in Indonesia’s Human Capital
As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms
Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive
Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.Most Popular
