Russia and Indonesia have signed a contract to import Russian crude, finalised through Indonesia’s state oil and gas agency Lemigas and based on a top-level agreement between President Putin and President Subianto. The deal is part of a wider procurement plan totalling 150 mln barrels of Russian oil, to be delivered in phases through end-2026. Indonesia’s energy ministry said last week it will continue importing Russian crude despite easing Middle East tensions and the reopening of the Strait of

Russia and Indonesia have signed a contract to import Russian crude, finalised through Indonesia’s state oil and gas agency Lemigas and based on a top-level agreement between President Putin and President Subianto. The deal is part of a wider procurement plan totalling 150 mln barrels of Russian oil, to be delivered in phases through end-2026. Indonesia’s energy ministry said last week it will continue importing Russian crude despite easing Middle East tensions and the reopening of the Strait of Hormuz.