
The Indonesian government is to increase crude oil imports under a direct purchase scheme to ensure supplies to domestic refineries in the long run, according to the Energy and Mineral Resources Minister, Sudirman Said, According to President Joko Widodo's directives, the government will find as much direct crude supply as possible from producers, Sudirman said on Friday.
"It is difficult to raise domestic oil production in the near future so it is important to ensure crude supplies," the Indonesian News Agency, ANTARA News, quoted him as saying. "The more oil suppliers, the healthier the oil prices will be," he said.
Just in the past couple of weeks, the government signed a contract with an Angolan oil producer Sonangol, he said.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor