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Russian crude imports to continue despite Hormuz easing: Indonesia

Jakarta (ANTARA) – Indonesia will continue importing crude oil from Russia despite easing tensions in the Middle East and plans to reopen the Strait of Hormuz shipping lane, the Ministry of Energy and Mineral Resources (ESDM) said.The ministry's spokesperson Dwi Anggia said procurement of Russian crude remains underway as part of the government's effort to strengthen national energy reserves.”Yesterday, there was a plan to reopen the Strait of Hormuz, and the situation remains highly dynamic,” she said during a press conference in Jakarta on Wednesday.”What is certain is that the President's directive is clear: to continue strengthening our national energy reserves through various means, including importing crude oil from Russia. This will continue and remains in process,” she added.Dwi said the policy aligns with President Prabowo Subianto's directive under Presidential Regulation No. 26 of 2026 on the Procurement of Crude Oil, Fuel Oil, and/or Liquefied Petroleum Gas for National Energy Security.Under the regulation, several entities, including the National Oil and Gas Testing Agency (BBPMGB) Lemigas, have been authorized to import crude oil to strengthen national energy security.”There are entities such as Lemigas that have been granted authority to carry out imports to strengthen our national energy security,” she said.Earlier, Energy and Mineral Resources Minister Bahlil Lahadalia assigned Lemigas to import crude oil from Russia.The move is part of a commitment to import 150 million barrels of Russian crude oil in stages through the end of 2026, following agreements reached during President Prabowo's visit to Russia.In addition to Russia, Indonesia is also seeking crude oil supplies from other countries as part of a broader diversification strategy, Dwi said.The effort follows directives from both the president and the energy minister to diversify energy supply sources and strengthen national reserves.”We are also sourcing from countries in Africa, including Nigeria and Angola, as well as from the United States. Whatever the source, we will continue pursuing efforts to strengthen our national energy stock,” Dwi added.