{
    "success": true,
    "data": {
        "id": 1731586,
        "msgid": "asean-countries-formulate-establishment-of-oil-storage-centre-1778496834",
        "date": "2026-05-11 16:50:00",
        "title": "ASEAN Countries Formulate Establishment of Oil Storage Centre",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "ASEAN nations are developing plans to create a regional oil storage hub to bolster energy security amid global geopolitical uncertainties, as revealed by Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia. The initiative involves collaboration between Indonesia, Malaysia, Brunei Darussalam, and the Philippines, with Indonesia offering to host the facility to supply reserves for Southeast Asian countries. This move underscores the region's commitment to strengthening intra-ASEAN energy cooperation.",
        "content": "<p>Jakarta, CNBC Indonesia - The Minister of Energy and Mineral\nResources (ESDM), Bahlil Lahadalia, has disclosed that Southeast Asian\ncountries are formulating the establishment of a centre for storing oil\nreserves, or a storage hub, for the ASEAN region.<\/p>\n<p>This was stated by Bahlil following discussions at the ASEAN Summit\nin the Philippines. According to him, ASEAN countries have agreed to\nstrengthen regional cooperation, particularly in the energy sector, amid\ncurrent global geopolitical uncertainties.<\/p>\n<p>\u201cBecause, in conditions like this geopolitically, almost all\ncountries, almost all regions, are thinking about how to protect their\ninternal national interests and internal regional interests,\u201d Bahlil\nsaid when met at the Ministry of ESDM on Monday (11\/5\/2026).<\/p>\n<p>Bahlil explained that one of the ideas being formulated is the\nconstruction of an oil reserve storage centre for the ASEAN region\nthrough cooperation between Indonesia, Malaysia, Brunei Darussalam, and\nthe Philippines.<\/p>\n<p>Furthermore, he added that Indonesia itself has offered to be the\nlocation for building that storage facility. According to him, the\nfacility could become a central energy reserve that supplies the needs\nof Southeast Asian countries.<\/p>\n<p>\u201cWell, this is a good idea. We will build storage wherever, but\nyesterday I offered it to be in Indonesia. We will build a sufficiently\nlarge reserve which in the end will supply the countries in Southeast\nAsia. That\u2019s one,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asean-countries-formulate-establishment-of-oil-storage-centre-1778496834",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}