Indonesia receives first Russian crude cargo under 2026 supply agreement
Friday, July 10 2026 - 09:12 PM WIB
Indonesia has received its first shipment of Russian crude oil under a supply agreement signed with Moscow in April, as the country diversifies imports away from the Middle East following disruptions to global oil trade.
About 770,000 barrels of Russian crude arrived at the port of Balikpapan in East Kalimantan at the end of June, according to customs data from Big Trade Data cited by Bloomberg.
The cargo marks the first crude shipment from Russia since Indonesia and Moscow agreed to establish regular supplies during the Strait of Hormuz crisis earlier this year.
Indonesia produces around 600,000 barrels of crude oil per day but consumes about 1.6 million barrels daily, making it heavily reliant on imports.
The government has traditionally sourced much of its imported crude from the Middle East, but supply risks stemming from the conflict involving Iran and disruptions in the Strait of Hormuz prompted Jakarta to seek alternative suppliers, including Russia.
Deputy Energy Minister Yuliot Tanjung said in April that Indonesia planned to import 150 million barrels of Russian crude this year.
Energy Minister Bahlil Lahadalia previously said Indonesia had reached a strategic energy cooperation agreement with Russia covering crude oil supplies and broader energy infrastructure development.
Editing by Alexander Ginting