Already Know? Singapore Becomes Indonesia's Largest Exporter of Fuel, Despite Not Having Oil Fields

Already Know? Singapore Becomes the Largest Exporter of Fuel to Indonesia, Despite Having No Oil Fields

Dream - Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif revealed a number of countries that are the largest exporters of fuel for Indonesia.

Already Know? Singapore Becomes Indonesia's Largest Exporter of Fuel, Despite Not Having Oil Fields

Interestingly, Indonesia has been dependent on Singapore. The Lion City is the largest oil importer to Indonesia, followed by India and Malaysia. However, Singapore does not have oil fields.

"Imagine, Singapore may not have much, but it can export fuel (to Indonesia),"
The text translates to: "words from Arifin quoted from Merdeka.com, Friday, April 19, 2024."

"BBM"

Former Minister of Energy and Mineral Resources, Arcandra Tahar, once mentioned that Singapore could be a petroleum exporter country even though it does not have oil fields. Singapore has three components as a petroleum exporter country, namely refineries, energy markets, and traders. "Singapore at least has three, namely refineries, energy markets, and traders," wrote Arcandra in a post on Instagram @arcandra.tahar.

Meanwhile, Minister of Energy and Mineral Resources Arifin stated that the government is currently preparing to search for new crude oil-producing countries. This follows Israel's retaliatory attack on Iran on Friday, April 19, 2024 morning.

A number of oil-producing countries in Africa are on the government's radar. One of them is Mozambique, located in East Africa. "Perhaps there is something new in Mozambique. We have to think long-term," said Arifin.

Besides countries in Africa, the government is also exploring opportunities to import oil from countries in the Latin American region. These include Guyana to Venezuela.

"We can see from the mapping that we can also see that from some parts of Africa, it doesn't pass through. And also from Latin. Venezuela, which is close to Guyana," he explained."

Next, the government continues to encourage domestic oil production. Among others, the Cepu block, Rokan Dalam, and Buton, Sulawesi. "That is also a sufficient amount. The target is two wells," he explained.

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Already Know? Singapore Becomes the Largest Exporter of Fuel to Indonesia, Despite Having No Oil Fields

"Imagine, Singapore may not have much, but it can export fuel (to Indonesia),"The text translates to: "words from Arifin quoted from Merdeka.com, Friday, April 19, 2024."

"Imagine, Singapore may not have much, but it can export fuel (to Indonesia),"
The text translates to: "words from Arifin quoted from Merdeka.com, Friday, April 19, 2024."