Term Contract for Russian Crude
Indonesia is finalizing a long-term contract to import 150 million barrels of Russian crude oil to secure its energy needs. Energy Minister Bahlil Lahadalia stated that the move is a matter of national independence and is not subject to foreign intervention.
Why it matters
The deal highlights Indonesia's 'free and active' foreign policy and its willingness to bypass Western sanctions to address domestic energy security.
August 5, 2026 | 3:43 pm SHARE URL berhasil di salin. President Prabowo Subianto meets his Russian counterpart Vladimir Putin in Moscow on April 13, 2026. (Photo Courtesy of Cabinet Secretariat) Jakarta. Indonesia is preparing a long-term contract for Russian crude oil, according to Energy Minister Bahlil Lahadalia.
Indonesia has agreed to buy up to 150 million barrels of Russian crude following the Iran war-induced energy crunch. The country has already received the first shipment, which reportedly totaled roughly 770,000 barrels. Speaking to reporters in Jakarta on Wednesday, Bahlil said that work was underway for the next round of imports.
"We will draft a long-term contract," Bahlil was quoted as saying by the state news agency Antara .
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