Does Indonesia need to import oil?

Is Indonesia a net importer or exporter of oil?

Although Indonesia is a net oil importer, the country continues to export crude oil and condensates. Because Indonesia is an archipelago, geographic distances between its domestic oil production and demand centers encourage both imports and exports.

Where does Indonesia import oil from?

Indonesia Crude Oil: Imports was reported at 216.500 Barrel/Day th in Dec 2019.

Buy Selected Data.

country/region Last
Indonesia (Barrel/Day th) 216.500 2019
Iran (Barrel/Day th) 0.000 2019
Italy (Barrel/Day th) 1,274.107 2019
Ivory Coast (Barrel/Day th) 46.200 2011

What are Indonesia main imports?

Main imports products are: oil and gas (around 17 percent of total imports), nuclear reactions, boilers, mechanical appliances (19 percent); iron and steel (5.4 percent), organic chemical materials (4.8 percent) and vehicles (4.5 percent).

Does the US buy oil from Indonesia?

Indonesia is the latest Asian country to import U.S. crude as shale production growth enabled the United States to ship out more competitively-priced light oil to a growing number of buyers in Asia and Europe.

Is Indonesia rich in oil?

Oil Reserves in Indonesia

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Indonesia holds 3,692,500,000 barrels of proven oil reserves as of 2016, ranking 27th in the world and accounting for about 0.2% of the world’s total oil reserves of 1,650,585,140,000 barrels. Indonesia has proven reserves equivalent to 6.2 times its annual consumption.

How much oil does Indonesia import?

Due to this decline in production and a rapid increase in domestic consumption, Indonesia is now a net importer of oil. Bank of Indonesia reports that as of December 2018, oil and gas exports value amounted to USD 1.3 billion while imports amounted to USD 3 billion.

What is palm oil used for in Indonesia?

Crude palm oil is the main feedstock for biofuel in Indonesia. To ensure a steady market for its palm oil, as well as to improve its energy independence, the Indonesian government had rolled out a plan to gradually increase the biofuel mix in its biodiesel.

What are the major natural resources of Indonesia?

Indonesia abounds with natural resources. It is the world’s largest exporter of steam coal, refined tin and (until the enforcement of the export ban earlier this year) nickel ore. It is also a leading exporter of gold, bauxite, lead, zinc and copper. Its potential in renewable resources is also huge.

When was Indonesia oil discovered?

In Indonesia, Dutch officials noted there were 53 oil seepage locations across Indonesia in 1869. The first oil well drilling in Indonesia began in 1871 in West Java. Several years later, oil was discovered in Pangkalan Brandan in Sumatera in 1885 and Sanga-Sanga in East Kalimantan in 1892.

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What can I export to Indonesia?

Indonesia’s most important export commodities are oil and gas, minerals, crude palm oil, electrical appliances and rubber products. However Indonesia exports of goods and services, as a proportion of GDP, is relatively low at 20%.

Who is the most famous person in Indonesia?

The most Indonesian celebrity of all, at around one million years old, is Pithecanthropus, also known as Java Man.

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