Prabowo Adds 13 Downstream Projects - Philippines Buys Russian Oil in Bulk

Jakarta, CNBC Indonesia - The Minister of Energy and Mineral Resources Bahlil Lahadalia has revealed special instructions from President Prabowo Subianto regarding the acceleration of downstream processing and the management of Natural Resources or SDA. Meanwhile, amid the worsening global energy crisis due to the conflict in the Middle East, the Philippines has begun seeking alternative supply sources. A tanker named Sara Sky arrived carrying more than 700,000 barrels of crude oil from Russia, just a few days after Manila declared a national energy emergency status. The Sierra Leone-flagged vessel transported high-quality oil from the ESPO pipeline route and docked at Limay port, the location of Petron Corp’s refinery.