Business · Energy & Commodities · 1 hr ago
Indonesia open to crude oil imports from any source if efficient
Indonesia still imports crude oil to meet domestic energy needs.
Energy Minister Bahlil Lahadalia said the government is open to buying from any country, as long as the deal is efficient, benefits Indonesia and follows the rules.
He was asked about Saudi Arabia’s price cuts for crude oil sold to Asian buyers for November 2026 shipments.
Saudi Aramco cut the price of its Arab Light grade by $3 per barrel from the previous month, and also lowered prices for Arab Medium and Arab Heavy.
Bahlil has previously said the government will compare prices while also considering the state budget and the need for reliable supplies.
From January to August 2026, Indonesia imported crude from countries including Nigeria, the United States and Russia.
The government’s next purchases will depend on which available sources offer competitive prices and meet its supply needs.
Indonesia is open to importing crude oil from any country if the purchase is efficient, benefits the country and complies with regulations, Energy Minister Bahlil Lahadalia said.
He made the remarks on October 12, 2026, when asked about Saudi Arabia’s price cuts for Asian buyers.
Saudi Aramco cut its November price for Arab Light crude to $3 per barrel below the average of Oman and Dubai prices.
Indonesia’s crude oil imports from January to August 2026 included supplies from Nigeria, the United States and Russia.
- Who
- Bahlil Lahadalia, Indonesia’s energy minister, said the government was open to importing crude from any source.
- What
- Indonesia will consider crude oil imports if they are efficient, benefit the country and comply with regulations.
- When
- October 12, 2026.
- Where
- Jakarta, Indonesia.
- Why
- The government is seeking efficient and beneficial oil supplies that comply with regulations.
This story does not have two clearly opposing sides.
For us, the source of the oil can be anywhere, as long as it is efficient for the good of the country and does not violate the rules, then it will be the country's priority
We look for the best. We look for whichever is cheaper; that is what we will buy.
Bahlil said Indonesia would choose energy import sources based on more competitive prices while considering the state budget’s capacity.
Reuters reported that Saudi Aramco had cut its November Arab Light price for Asian buyers by $3 per barrel from the previous month.
Bahlil said Indonesia was open to crude oil imports from any country if they were efficient, beneficial to the country and lawful.
- Arab Light November price
- $3 per barrel below the average of Oman and Dubai prices
- Arab Light price cut
- $3 per barrel from the previous month
- Other Saudi grades
- Arab Medium and Arab Heavy prices cut by $5 per barrel each
- Indonesia crude suppliers
- Nigeria, the United States and Russia
- Import data period
- January–August 2026
Sources
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