Indonesian Political, Business & Finance News

Indonesia's Crude Oil Imports Rise Over Five Years, Here Are the Data

| Source: CNBC Translated from Indonesian | Energy
Indonesia's Crude Oil Imports Rise Over Five Years, Here Are the Data
Image: CNBC

The Ministry of Energy and Mineral Resources (ESDM) has recorded a trend of increasing crude oil imports in Indonesia in recent years. On the other hand, domestic production has continued to decline amid rising consumption.

Throughout 2025, Indonesia, through PT Pertamina (Persero), imported around 135.33 million barrels of crude oil. Of this amount, approximately 19% or 25.36 million barrels came from Saudi Arabia, while the rest was supplied from various other countries.

Citing data from the Handbook of Energy and Economic Statistics of Indonesia 2024, Indonesia’s crude oil production has experienced a downward trend in recent years.

In 2024, crude oil production was recorded at 212.33 million barrels, equivalent to about 581,000 barrels per day. This figure is lower compared to previous years, which were still above that level.

Meanwhile, Indonesia’s crude oil exports remain relatively small. Throughout 2024, exports reached only 27.2 million barrels. In contrast, imports of crude oil amounted to 127.79 million barrels, far exceeding exports.

The data shows a trend of increasing imports over the past five years. In 2020, crude oil imports were recorded at 79.68 million barrels. This figure then rose to 104.40 million barrels in 2021, increased again to 114.52 million barrels in 2022, and reached 132.38 million barrels in 2023.

As is known, amid global geopolitical dynamics, the government is beginning to examine the diversification of crude oil import sources to reduce dependence on the Middle East region.

Energy Minister Bahlil Lahadalia revealed a few weeks ago that the government plans to redirect some imports to countries outside that region.

Bahlil stated that several countries that could serve as alternative sources of crude oil imports include the United States, Angola, several countries in Africa, and the Latin American region.

According to him, the government is exploring long-term contracts with those countries, particularly with the United States, which is considered to have a large oil production capacity.

“There are long-term contracts with other countries outside the Middle East. One of them is America. Why America? Because they have a higher volume of oil,” Bahlil said during the Podcast Bukan Abuleke, quoted on Monday (30/3/2026).

Bahlil acknowledged that shipments of oil from America do take longer than from the Middle East region. While shipments from Middle Eastern countries take about 2 to 3 weeks, deliveries from the United States can take around 40 days.

“That’s true. The distance is indeed longer. But we place long-term orders in advance. So that the logistics delivery method can be arranged by us,” Bahlil added.

He then gave an example that a similar scheme had previously been successfully implemented for LPG imports. Previously, most of Indonesia’s LPG imports came from the Middle East, but now around 70% of Indonesia’s LPG imports come from the United States.

“And this has been proven when we shifted our LPG imports from the Middle East, which was previously mostly from there, now we have shifted 70% of our LPG imports from America. The logistics work. So there’s no need to feel anxious, no need,” he said.

View JSON | Print