Indonesia prepares additional rules for Russian oil imports
Banten, May 21 -- Indonesia's Ministry of Energy and Mineral Resources is preparing additional regulations and import schemes for planned crude oil imports from Russia.
Director General of Oil and Gas Laode Sulaeman said Russian crude imports require a special regulatory and financing arrangement.
"The Russian oil imports will also be supported by additional regulations," he told reporters in Tangerang, Banten, on Wednesday.
He said state oil and gas company Pertamina relies on global bond financing and therefore must avoid actions that could breach bond-related obligations.
Pertamina's obligations to global bond investors have prompted the ministry to seek an appropriate scheme for importing Russian crude.
"Pertamina operates using ...
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