Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said on May 11 that Jakarta is promoting an initiative to establish a joint ASEAN strategic oil reserve as Southeast Asia faces increasing risks of global energy supply disruptions.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
The Vietnamese Government has given green light to foreign investors to invest in developing oil and gas storage and supply infrastructure system, but they cannot participate in distributing, importing and exporting petroleum.