Indonesia’s Pertamina seeks alternative crude oil sources to secure energy supplies as geopolitical tensions threaten key Hormuz Strait shipping route.
JAKARTA: Indonesia’s state-owned energy firm Pertamina is actively seeking alternative sources for crude oil imports.
This strategic move aims to safeguard national energy supplies amidst rising uncertainty over shipping through the critical Strait of Hormuz due to geopolitical tensions in West Asia.
Pertamina’s president director, Simon Aloysius Mantiri, confirmed the company is preparing contingency measures to ensure stock resilience.
“We have anticipated this. We are looking for other sources so that stock resilience can remain good and strong,” he said.
The Indonesian government estimates 20% to 25% of the country’s crude oil imports transit the Strait of Hormuz.
This vital shipping chokepoint connects the Gulf with global energy markets, and regional tensions have heightened disruption concerns.
In response, Pertamina is diversifying its import sources to reduce dependence on Middle East shipments.
“For precaution we are also diversifying our sources. Our supplies are not only from the West Asia, but also from Africa, the United States and various other places,” Simon explained.
The initiative coincides with two Pertamina International Shipping tankers currently stationed in the Gulf region.
These vessels, the VLCC Pertamina Pride and the Gamsunoro, have yet to cross the Strait of Hormuz.
