ESDM Believes Iran-Israel Conflict Will Not Disrupt Fuel Reserves And Domestic Oil And Gas Projects

Crude Oil (Photo: Unsplash)

JAKARTA - Director General of Oil and Gas Tutuka Ariadji believes that the current conflict between Iran and Israel will not interfere with the national oil reserves (BBM), which is currently in the range of 30 days.

Moreover, PT Pertamina (Persero) has contracted with several suppliers of fuel from abroad who are committed to continuing to supply fuel according to their contracts.

"Now it's a contract in the future. So if there's not something very extreme, I think it's still okay and our crude national reserves plus those on the ship in transit are 30 days. 10 days in the refinary, plus 15 days away, a total of 30 days. For LPG BBM, I think it's safe. From there, God willing, we are safe," said Tutuka, quoted on Thursday, April 18.

In addition to the supply of fuel and Crude, Tutuka also said that the conflict would not interfere with national oil and gas projects.

"In my opinion, the issue of war is at a political level," continued Tutuka.

Although relatively safe in terms of reserves and supply, Tutuka revealed that the Indonesian government needs to be aware of the impact of the conflict related to the world's oil supply through the Strait of Hormuz which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, becoming a vital shipping route for oil tankers that transport about 30 percent of the world's crude oil or about 21 million barrels of crude oil per day.

"The role of the Hormuz Strait is very important. The hoRMuz Strait can be held and managed by Iran. So it is very decisive how Pertamina responds to this, including the fulfillment of supply where Pertamina has a contract," concluded Tutuka.