Latest news and articles about oil import from NEX English
Indonesia plans to start importing crude oil from Russia within two weeks, following the completion of technical agreements. This initiative is part of a strategy to import a total of 150 million barrels by 2026.
South Korean President <strong>Lee Jae-myung</strong> emphasized the need for the country to accept a certain level of risk in importing crude oil from the Middle East due to threats facing the <strong>Hormuz Strait</strong>. He pointed out that a reduction in shipments could severely impact South Korea's oil supplies.
Indonesian Energy Minister Bahllul Lahadalia announced the opening of oil imports from any country, including Russia, to ensure fuel supply continuity amid a global energy crisis. This decision aims to secure necessary fuel for citizens under current conditions.