“This week, I will meet with a delegation from Russian state-owned enterprises visiting Indonesia,” said Minister of Energy and Mineral Resources Bahlil Lahadalia on Tuesday.
He noted that his recent visit to Russia, accompanying President Prabowo, also opened doors for potential technological cooperation in the energy sector.
Such cooperation, he added, could help boost Indonesia’s oil and gas output, particularly from aging or idle wells.
“We have idle wells, but in terms of technology, we need to learn and collaborate,” Lahadalia said.
Earlier, President Putin expressed Russia’s readiness to deepen energy cooperation with Indonesia, including expanding the supply of crude oil and liquefied natural gas (LNG) to the country.
“Russian companies are already working effectively in Indonesia, and we are ready to increase oil and LNG supplies to the Indonesian market,” Putin said during a joint press conference with Prabowo in St. Petersburg on June 19.
Putin also highlighted the ongoing partnership between Russian energy giant Rosneft and Indonesian state-owned oil and gas company Pertamina in the construction of refinery and petrochemical facilities in East Java as a key example of growing bilateral cooperation in the energy sector.
He added that Russia is open to participating in new energy initiatives and the development of oil and gas infrastructure across Indonesia.
Currently, the Indonesian government is in talks with Rosneft over investment in the Tuban oil refinery project in East Java. The estimated investment value has risen significantly from US$13.5 billion to around US$24 billion, due to changes in design, land acquisition costs, and adjustments related to geopolitical conditions and exchange rates.
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Translator: Putu Indah S, Resinta Sulistiyandari
Editor: Anton Santoso
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