Indonesia's Pertamina Expands Tender List to Include Russian Oil

Tuesday, 23 July 2024, 03:55

Indonesian state-controlled refiner **Pertamina** has taken a significant step by incorporating **Russian oil** grades into its tender lists for September crude purchases. This decision highlights the shifting dynamics in the global oil market, as **Russia** continues to seek avenues for selling its petroleum despite ongoing geopolitical tensions. In a move that could impact international oil supply chains, Pertamina's actions reflect the complexities of global energy procurement amidst varying sanctions and market demands.

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Indonesia's Pertamina Expands Tender Lists

Indonesian state-controlled refiner Pertamina has added Russian oil grades to its tender lists for September crude purchases. This decision illustrates the evolving landscape of global petroleum transactions.

Key Highlights:

Pertamina diversifies its purchasing portfolio.
Reflects the ongoing adaptations within the oil market.
Shows Russia's continued ability to market its oil.

This move by Pertamina could have implications for both regional and global energy markets, affecting supply dynamics and pricing strategies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Indonesia's Pertamina Expands Tender Lists

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