Indonesian Political, Business & Finance News

Hormuz Strait Still Volatile, Indonesia Secures Oil Supply from Africa and Venezuela

| Source: VIVA Translated from Indonesian | Energy
Hormuz Strait Still Volatile, Indonesia Secures Oil Supply from Africa and Venezuela
Image: VIVA

Deputy Foreign Minister Arif Havas Oegroseno has stated that the government is now sourcing oil supplies from African countries due to the ongoing turmoil in the Middle East. The conflict has prevented a number of vessels from passing through the Strait of Hormuz, a key shipping lane for energy carriers.

Given this situation, Havas said Indonesia is relying on oil supplies from regions that do not transit the Strait of Hormuz. “So we are now cooperating extensively with Algeria, Nigeria, and Angola in Africa. So a lot of oil supply is coming from Africa. So far, so good,” Havas was quoted as saying on Friday, 12 June 2026.

He added that national energy supplies remain secure for the time being. In addition to utilising oil reserves from African nations, Indonesia has also recently begun cooperating with Venezuela. “We have also just obtained approval to continue operations in Venezuela. We will try to invest in areas around Latin America,” he explained.

Havas noted that the government continues to monitor the conflict situation in the Middle East. Beyond disrupting energy supply routes, he said tensions in the Strait of Hormuz are also affecting other industries, such as plastics and fertilisers. “We are monitoring many aspects because, from a specific business perspective, the ones heavily impacted are oil and gas, then plastics, and fertilisers. This has a global impact,” he said.

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