Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz - Business

Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz (8982 Views)

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Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Islie(op): 9:48am On May 15

by Chika Izuora

Indonesia has started receiving crude oil shipments from Nigeria as part of efforts to diversify its import sources and reduce reliance on West Asian supplies amid growing concerns over a global supply crisis.

The supply from Nigeria is already underway, and shipments are arriving, said Indonesia’s Energy and Mineral Resources Ministry Oil and Gas director general, Laode Sulaeman.

According to Antara news agency on Wednesday, he said Russia, the United States and Nigeria were currently among Indonesia’s main alternative crude oil sources due to their large supply volumes.

He also assured that Indonesia’s domestic energy reserves, including crude oil, fuel and liquefied petroleum gas (LPG), remained secure.

Indonesia imported about 20% of its crude oil from West Asia before conflicts in the region escalated.

In April, following talks with Moscow, Indonesia secured a commitment for the supply of 150 million barrels of crude oil from Russia, with deliveries scheduled in stages until the end of 2026.

Sulaeman noted that Indonesia has been prioritising crude oil from areas with shipping routes that bypass the Strait of Hormuz.

On Monday, Energy and Mineral Resources Minister Bahlil Lahadalia said that Indonesia is set to begin importing Russian crude within weeks.

https://leadership.ng/indonesia-begins-crude-oil-import-from-nigeria-bypassing-hormuz/

17 Likes 1 Share

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by IAM4BAT4plus4: 10:11am On May 15

Good one!

More money for our economy...

Jagaban is the best!

Wow 😍 FTC! For the first time....

I dedicate it to our national father, PBAT, ọmọ olodo ide

30 Likes 3 Shares

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Muyiwaipere(m): 10:11am On May 15

Wait o....let me spell this out for people who are already jumping up.

They are only buying crude which is just a normal scenario, it's just shell, chevron and co that would benefit from this.

27 Likes 1 Share

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Counterigbolies: 10:12am On May 15

No b all these countries the packaged fraud dey always reference in his lamba?

All my life I have never met someone like that fraud before, imagine someone that spent good 8 years as governor but will never campaign with what he did in office.

He will always talk about Bangladesh, China and co

The question is

Did u govern Bangladesh n co?

Y not campaign with what u did in your state for 8 years

16 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by ironheart(m): 10:13am On May 15

So basically, Nigerians have no excuse to borrow money.

13 Likes 1 Share

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Franktom247(m): 10:13am On May 15

If una like chop the money
Don't use it for betterment of the people

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by inoki247: 10:14am On May 15

All this thing suppose dey show on our FX make our Dollar don go down to Like 1k now...

Like that he go show for the petrol rate...

36 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Tunmise40: 10:14am On May 15

Good. At least this would bring more money for the economy and strengthen the naira somewhat

3 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by EmmyMaestro(m): 10:14am On May 15

Hope we will see what our politicians are doing with the money

3 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Pious101: 10:16am On May 15

IAM4BAT4plus4:
Good one!

More money for our economy...

Jagaban is the best!

Wow 😍 FTC! For the first time....

I dedicate it to our national father, PBAT, ọmọ olodo ide

and how has this made Jagaban to be the best? Some of ona dey dey funny sha

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Shimbo96(m): 10:17am On May 15

Are you celebrating for SHELL, CHEVRON & CO? Because I still don't know how this will benefit average Nigerian.

12 Likes 1 Share

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Legitiscool: 10:18am On May 15

What is trump doing in strait of Hormuz till now e never fit open am

Better as nations dey switch to new reality

1 Like

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by GodCovenant(m): 10:22am On May 15

We should nationalized the Niger delta oil.

Export only the end product. UK can go kiss their queen grave. The alliance haven't helped Nigeria nor make it progressive. But of course we don't have people that will chase them away like the way they are Chasing Nigerians in their own country.

5 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by AuthegaPRIMUS(m): 10:22am On May 15

No mind them. Po abi op my goot

Counterigbolies:
No b all these countries the packaged fraud dey always reference in his lamba?

All my life I have never met someone like that fraud before, imagine someone that spent good 8 years as governor but will never campaign with what he did in office.

He will always talk about Bangladesh, China and co

The question is

Did u govern Bangladesh n co?

Y not campaign with what u did in your state for 8 years

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by SmartPolician: 10:24am On May 15

Muyiwaipere:
Wait o....let me spell this out for people who are already jumping up.

They are only buying crude which is just a normal scenario, it's just shell, chevron and co that would benefit from this.

Nigerians and IOCs benefit from crude oil sales. Nigeria makes about $50 billion per annum from crude sales. If not for that money, only God knows how terrible this country would've been.

Of course, with all that money, Nigeria is home to the highest number of poor people in the world. Imagine what would've happened if we weren't making that money. It means Nigerians would be feasting on fellows' human flesh.

6 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by IAM4BAT4plus4: 10:25am On May 15

Pious101:
and how has this made Jagaban to be the best? Some of ona dey dey funny sha

Oya tell me which president is better than him..

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Yampotatocarrot(m): 10:26am On May 15

Are they buying cheaper than Dangote?

I thought there were insinuations that our crude have been used to collect loan into the future, that's why we can't meet up with Dangote's demands?

Na Indonesia we collect loan from?

Or are we those parents that are "afunimawobe" outside, while their children suffer at home?

3 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by IgOga(m): 10:29am On May 15

IAM4BAT4plus4:
Good one!

More money for our economy...

Jagaban is the best!

Wow 😍 FTC! For the first time....

I dedicate it to our national father, PBAT, ọmọ olodo ide

How is this about Jagaban? shocked

1 Like

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by themanderon: 10:29am On May 15

The Nigerian government will never come out to tell us they are making a kill from this Iranian crisis so it beggars belief that they are still going around cap in hand to borrow money from every source.
You can never understand the workings of this criminals behind this entity called Nigeria.

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by allthingsgood: 10:31am On May 15

Muyiwaipere:
Wait o....let me spell this out for people who are already jumping up.

They are only buying crude which is just a normal scenario, it's just shell, chevron and co that would benefit from this.

STILL THATS MORE MONEY FOR THE COUNTRY
WHY ISNT THIS A GOOD THING TO YOU huh

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by themanderon: 10:31am On May 15

Yampotatocarrot:
Are they buying cheaper than Dangote?

I thought there were insinuations that our crude have been used to collect loan into the future, that's why we can't meet up with Dangote's demands?

Na Indonesia we collect loan from?

Or are we those parents that are "afunimawobe" outside, while their children suffer at home?

. That's Nigeria for you. The more you look, the less you see.

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by zegxy: 10:34am On May 15

[quote author=Counterigbolies post=139414856]No b all these countries the packaged fraud dey always reference in his lamba?

All my life I have never met someone like that fraud before, imagine someone that spent good 8 years as governor but will never campaign with what he did in office.

He will always talk about Bangladesh, China and co

The question is

Did u govern Bangladesh n co?

Y not campaign with what u did in your state for 8 years [/quote
You are the greatest fruad at your age if you don't know.
What Obi achieved when he was your age, you haven't smelt it yet you have the audacity to call him a fraud as if he has ever defrauded your miserable life.You had better grow up and find something useful to do with your miserable and frustrated life.

1 Like

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Cajal(m): 10:35am On May 15

IAM4BAT4plus4:
Good one!

More money for our economy...

Jagaban is the best!

Wow 😍 FTC! For the first time....

I dedicate it to our national father, PBAT, ọmọ olodo ide

I have always believe PBAT IQ is ahead of that OBI Amaechi Atiku and kwankeanso
Makinde is not even near...that one is a populist
And populism is for a short term gain

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Beautifulday: 10:35am On May 15

Counterigbolies:
No b all these countries the packaged fraud dey always reference in his lamba?

All my life I have never met someone like that fraud before, imagine someone that spent good 8 years as governor but will never campaign with what he did in office.

He will always talk about Bangladesh, China and co

The question is

Did u govern Bangladesh n co?

Y not campaign with what u did in your state for 8 years

So America that imports crude oil is undeveloped?

1 Like

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by allthingsgood: 10:35am On May 15

themanderon:
The Nigerian government will never come out to tell us they are making a kill from this Iranian crisis so it beggars belief that they are still going around cap in hand to borrow money from every source.
You can never understand the workings of this criminals behind this entity called Nigeria.

One thing Nigerians are very very good at is COMPLAINING!

1 Like

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Eriokanmi: 10:41am On May 15

ironheart:
So basically, Nigerians have no excuse to borrow money.

They'd still tell you their usual lies, that our crude had been sold in advance and money collected by buhari. Amazingly, Indonesia is a new buyer. They used to get crude from Iran before the war started

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by JuanDeDios: 10:44am On May 15

IAM4BAT4plus4:
Good one!

More money for our economy...

Jagaban is the best!

Wow 😍 FTC! For the first time....

I dedicate it to our national father, PBAT, ọmọ olodo ide

@bolded. Are you sure?

Anyway, if we were a serious country, we would be making a killing from this.

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by emperor4love(m): 10:54am On May 15

Tunmise40:
Good. At least this would bring more money for the economy and strengthen the naira somewhat

no b only economy abi economy of looters, mk una de sleep

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by meobizy(m): 10:55am On May 15*

Celebrations should be in order. This Hormuz situation should benefit us, without a doubt. It means the IQ in this forum is lower than average since I’ve never seen any poster come to a conclusion I long realized after finding out the strait’s economic relevance.

2 Likes

Re: Indonesia Begins Crude Oil Import From Nigeria, Bypassing Hormuz by Leepeak(m): 10:56am On May 15

So wetin go happened
Them go theif am
Nothing special

1 Like

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