Indonesia Finds a Way to Bypass Restrictions on Purchasing Russian Oil
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia stated that the government will authorize the state agency Lemigas to purchase Russian oil, abandoning Pertamina, the state-owned oil and gas company, as the primary importer of raw materials.
The minister said: "Presidential regulations allow energy imports through state institutions. In this case, it refers to Lemigas."
Lahadalia pointed out that the new mechanism will allow transactions under a 'government-to-government' model, which are then handed over to commercial entities for subsequent execution.
The minister explained: "If the president reaches an oil supply agreement with another country, such agreements can be conducted directly at the national level, and then implemented under a 'government-to-enterprise' model."
Previously, Indonesian authorities announced that following President Prabowo Subianto's visit to Moscow in April, both sides had reached a supply agreement for 150 million barrels of Russian oil.
Indonesian officials noted that due to sanctions risks imposed by Western countries on Russia, Pertamina cannot directly participate in purchasing Russian oil.
To implement the new mechanism, the Indonesian president has signed Presidential Regulation No. 26 of 2026 concerning the procurement of oil, petroleum products, and liquefied hydrocarbon gases for national energy security. This document allows energy imports via state institutions within a framework of intergovernmental cooperation.
Source: sputniknews
Original article: toutiao.com/article/1867445386912780/
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