Indonesia to increase crude oil import from US | World | Vietnam+ (VietnamPlus)

Friday, April 26, 2024 - 20:29:50

Indonesia to increase crude oil import from US hinh anh 1

Illustrative image (Photo: AFP)

Jakarta (VNA) - State-owned energy holding firm PT Pertamina plans to import 4.75 million barrels of crude oil from the US, up 265.4 percent from 2019 target of 1.3 million barrels.

Speaking at the 2019 Pertamina Energy Forum, Pertamina’ official Hasto Wibowo said the company does not have a purchase contract for crude oil supply in the second half of 2020, and will look for more starting in May.

Wibowo said oil imports were carried out to cover the needs of the Cilacap Refinery.

In April 2018, US President Donald Trump administration expressed disappointment over its high trade deficit with Indonesia and announced that it would review the Generalized System of Preferences (GSP) facility for Indonesia.

Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto, weeks ago, stated that the Washington would maintain Indonesia’s GSP facility on the condition that the country fulfills its requirement to make consistent regulatory adjustments.

Indonesia’s 2018 trade surplus with the US was 9.67 billion USD, up 9.89 percent from the 8.84 billion USD trade surplus in 2017. The country’ trade surplus with the US grew from 2014 to 2018 at an annual rate of 8.47 percent./.

VNA

State-owned energy holding firm PT Pertamina Vietnamplus Vietnam News Agency barrels of crude oil oil imports Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto Related stories Indonesia Related stories United States

You should also see

World economy’s recovery drives Vietnam’s exports

World economy’s recovery drives Vietnam’s exports

With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.

Hmong ethnic people preserving traditional blacksmithing

Culture - Sports

Hmong ethnic people preserving traditional blacksmithing

China’s fishing ban in East Sea violates Vietnam’s sovereignty: spokesperson

China’s fishing ban in East Sea violates Vietnam’s sovereignty: spokesperson

Millions of children in Vietnam protected by vaccination over 40 years: UN agencies

Millions of children in Vietnam protected by vaccination over 40 years: UN agencies

See more

Vietnam appeals for maximum self-restraint, end to hostilities in Middle East

Vietnam appeals for maximum self-restraint, end to hostilities in Middle East

A representative of Vietnam appealed to all the parties concerned to exercise maximum self-restraint and to end hostilities, while addressing a United Nations Security Council (UNSC) open debate on the Middle East and Palestine situation on March 25.

Indonesia’s coffee exports surpass imports

Indonesia’s coffee exports surpass imports

Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.

Thailand expects wave of tourists during Golden Week

Thailand expects wave of tourists during Golden Week

The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.

Argentinian media praises Dien Bien Phu Victory

Argentinian media praises Dien Bien Phu Victory

Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.

Laos speeds up granting licences to foreign workers

Laos speeds up granting licences to foreign workers

Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.