{
    "success": true,
    "data": {
        "id": 1676512,
        "msgid": "indonesia-can-buy-oil-more-cheaply-from-russia-1776156658",
        "date": "2026-04-14 15:19:00",
        "title": "Indonesia Can Buy Oil More Cheaply from Russia",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Energy",
        "summary": "An economist from Universitas Padjadjaran suggests that Indonesia could procure crude oil from Russia at around US$59 per barrel, significantly cheaper than the global Brent price of US$100 amid escalating US-Israel-Iran tensions. Even factoring in 30% logistics costs, the effective price would be US$76.7\u201380 per barrel, offering 31\u201351% savings compared to peak world prices of US$116. This opportunity aligns with recent energy cooperation discussions between Presidents Prabowo Subianto and Vladimir Putin, potentially enhancing Indonesia's energy diversification and cost efficiency.",
        "content": "<p>A lecturer at the Faculty of Economics and Business, Universitas\nPadjadjaran (Unpad), Yayan Satyakti, assesses that Indonesia could\nobtain crude oil at a price of US$59 per barrel from Russia. This price\nis cheaper compared to the Brent crude oil price, which is around US$100\nfollowing the outbreak of the US-Israel war with Iran. \u201cEven at normal\nprices, around US$60\u201370 per barrel, Russian oil remains cheaper at about\nUS$59 per barrel,\u201d said Yayan, as quoted from Antara on Tuesday, 14\nApril 2026. He explained that after Western countries imposed sanctions\nand embargoes on Russia since 2022, the price of Russian oil in 2025\nreached US$25 per barrel. That price, Yayan said, is lower compared to\noil prices from the Middle East, which are at US$60\u201370 per barrel. \u201cIf\nwe look at it based on revenue assumptions, the Russian government sets\nthe oil price at US$59 per barrel,\u201d stated Yayan. Furthermore, Yayan\nsaid that if Indonesia buys oil from Russia with logistics costs of\naround 30%, the price would be in the range of US$76.7\u201380 per barrel.\nThis price already includes logistics costs. Thus, the cost required to\nbuy oil from Russia is about 31\u201351% cheaper compared to the world oil\nprice that once reached US$116 per barrel. \u201cIt is more efficient, or\neven cheaper than that if the lobbying between President Prabowo and\nPresident Putin succeeds,\u201d Yayan remarked. Previously, the Minister of\nEnergy and Mineral Resources (ESDM), Bahlil Lahadalia, conveyed that the\nmeeting between Indonesian President Prabowo Subianto and Russian\nPresident Vladimir Putin discussed energy cooperation for national\ninterests. This cooperation includes the development of oil refineries,\nstrengthening oil trade, and increasing the utilisation of energy\ntechnology. \u201cIn the long term, Indonesia is also opening opportunities\nfor collaboration in the clean energy sector. As an effort directed\ntowards supporting energy diversification,\u201d Bahlil stated.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-can-buy-oil-more-cheaply-from-russia-1776156658",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}