This Week's Headlines (10 - 16 Sep 2022)
16 Sep 2022
Pertamina in talks with Russia on oil imports
State-owned oil-and-gas company Pertamina is in talks to buy crude oil from Russia while the
“Pertamina is in contact with Russia’s side, that’s all I can say,” Russian Ambassador to
Indonesia is considering the purchase of crude oil from Russia, which currently sells the
The surge in oil prices this year is straining the state budget as the government has increased
Pertamina was quoted by media in April as saying that it was studying the estimated cost and
When asked about progress in the talks with Moscow, Milla Susilo, senior communications
Russian oil prices have risen in anticipation of a European Union embargo, with the benchmark
Urals oil is still flowing to European refiners under term deals concluded prior to February.
‘It’s up to you, we will not sell’
Ambassador Vorobyova said Russia would not sell any oil to countries imposing a price cap.
“[A price cap] is unrealistic, and I think the Russian side has stated, if you want a price cap,
Top officials from the G7 countries agreed last Friday on a price-capping mechanism for
EU Commissioner for Energy Kadri Simson said the EU, as a member of the G7 forum, agreed
“So, our message to Indonesia, India and China, who are still willing to buy Russian products, is
However, Finance Minister Sri Mulyani Indrawati said on July 15 that such a move would not
“Imposing a cap definitely is not going to solve the problem, because it is about the quantity [of
The energy subsidy budget in Southeast Asia’s largest economy tripled in 2022 from the
At the same time, the consumption of subsidized fuel is far exceeding initial estimates. Pertalite
Energy and Mineral Resources Minister Arifin Tasrif said on Aug. 26 that the government planned
The energy minister did not rule out buying oil from Moscow, “if it’s available”.
“The principle is that, if [cheaper] oil is available, [the government] will buy it, but the source is
Source: The Jakarta Post
Indonesia to review minimum wage rules after protests
Indonesia will review minimum wage and other labor rules, the president's office said on
President Joko Widodo raised subsidized fuel prices in Southeast Asia's largest economy by
The fuel price hike is set to accelerate inflation, which has already reached its highest since
Heru Budi Hartono, chief of the president's office, on Monday met with workers protesting at
Workers have called for a change in the formula used by the government to determine annual
Authorities are set to review the workers' demands on Tuesday, Heru said.
With growth and inflation in 2021 still reeling from the pandemic, minimum wage rose by an
Hermanto Ahmad, secretary general of labour union KSPSI, was quoted in the palace
The KSPSI did not respond to Reuters' request for comment.
Another labour group that has been organising rallies, the KSPI, will continue protesting until
Presidential Decree on Coal Phase-out Comes Together
President Joko “Jokowi” Widodo has issued a decree on the Acceleration of Renewable Energy
The presidential decree, which was signed on Tuesday, instructed state-run electricity company
“Coal-burning power plants should no longer exist by 2050,” according to the decree.
The construction of a new coal-fired power plant is prohibited unless it’s based on contracts
The decree aims to “reduce greenhouse emissions by 30 percent” within a decade.
In the decree, Jokowi instructed related ministers to formulate a “roadmap” for renewables and
The president also issued a separate instruction that obliges high-ranking central and regional
The instruction applies to all cabinet members, state agency heads, the National Police chief,
The BEVs can be procured “through purchases, leases, or the conversion of fossil fuel vehicles
The BEV mandate for state officials came a month after the Transportation Ministry issued a
But so far the government has not authorized a single repair shop capable of BEV conversion.
State-Owned Enterprises Minister Erick Thohir said on Wednesday he has instructed electricity
“I also asked [state-run oil company] Pertamina to provide charging services at their fuel
Source: Jakarta Globe