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    Home > Chemicals Industry > Petrochemical News > Japanese media: Indonesia wants to buy Russian "discounted oil"

    Japanese media: Indonesia wants to buy Russian "discounted oil"

    • Last Update: 2023-02-28
    • Source: Internet
    • Author: User
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    After India, Indonesia, another large country in Asia, is also planning to buy cheap Russian oil? According to the "Nikkei Asia" reported on the 19th, Indonesia, which urgently needs cheap oil to curb inflation, is currently considering importing cheaper Russian crude oil
    .
    Indonesia's "hunger does not choose food" has triggered international criticism and accusations
    .
    The report even quoted Jakarta economists as saying Indonesia needs to be cautious
    when buying Russian oil.
    The Nikkei Asia article also acknowledges that Indonesian public opinion is quite supportive of buying Russian oil
    .

    Indonesia's national oil chief executive Vidiavati said at a parliamentary hearing on the 28th of last month that given the current geopolitical situation, "we have found an opportunity
    to buy oil from Russia at a good price.
    " As long as the companies we deal with are not sanctioned, it will not pose a problem politically"
    .

    Singapore's "Lianhe Zaobao" said that the military conflict between Russia and Ukraine has led to a surge in oil prices, and the Indonesian government has introduced a number of measures to limit the price of gasoline and edible oil in order to stabilize domestic oil prices and ease the pressure on national life, but Indonesia has not succeeded in suppressing domestic oil prices
    .
    According to Indonesia's "Jakarta Global News", Indonesia's national oil company is exploring how to reduce the cost of purchasing crude oil, and the purchase of cheap Russian oil has become an option
    .

    Although Indonesian experts have expressed concern about purchasing oil from Russia, the Indonesian people support the plan
    .
    A YouTube video about Petronas plans shows that most of the comments are supportive
    .
    Some netizens said, "That's cool! Indonesia must be brave
    .
    Despite the criticism, do not be controlled
    by the West.
    Russian oil was bought for the Indonesian people
    .
    A representative of Petronas Indonesia told Nikkei Asia that the company has not yet been approved and that plans to buy crude oil from Russia are still in the internal planning stage
    .

    According to the "Times of India" reported on the 19th, people familiar with the matter said that India's state-owned refiners plan to buy as much Russian oil as possible, while shifting the procurement strategy from bidding to negotiating transactions to obtain greater discounts
    .
    Since the outbreak of the Russian-Ukrainian conflict, India's state-owned oil refiners have bought more than 15 million barrels of crude oil
    from traders and Russian companies in dollars through conventional banking channels, they said.
    S&P assessed last month that on the basis of spot delivery, Russian crude oil prices are $
    33 cheaper than the benchmark Brent crude price.
    However, Indian refiners have not yet received the above discounts and are now seeking further price
    cuts from Russian suppliers, people familiar with the matter said.

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