JAKARTA - Energy and Mineral Resources Minister Bahlil Lahadalia revealed that the government was preparing an alternative supply of crude oil if the disruption in the Strait of Hormuz continued. Bahlil made the statement after meeting President Prabowo Subianto.
According to Bahlil, one of the discussions in the meeting was to prepare a backup step when the energy supply route from the Middle East was no longer certain. The government, said the Minister of Energy and Mineral Resources who also served as Chairman of the National Energy Council (DEN), began to open the option of diverting crude oil to other countries.
"That is one of the things we also talk about, that there must be alternatives, what will be used when the Strait of Hormuz is still in this condition," said Bahlil at the Presidential Palace complex, Thursday, March 12.
He said the government was preparing an option to divert crude supplies from the Middle East to the United States, Nigeria, Brazil, Australia, and several other countries. This step was prepared because the war situation made the government unable to ensure long-term energy conditions.
Answering reports of panic buying at a number of gas stations, Bahlil confirmed that national fuel stocks were still safe. "Our stock is in a safe condition. Twenty-three days, there is no need for panic buying. The twenty-three days in question are in our tanks. But production continues, we continue to produce and there is continuous entry," he said.
He added that the government had not calculated the possibility of an increase in energy subsidies. According to him, oil prices are still fluctuating. Therefore, the government is still looking at the development of ICP before making further decisions.
When asked about the possibility of a fuel saving policy, such as that taken by the Philippines and Vietnam, Bahlil said the government was still studying various options. However, until now there has been no final decision. "There is no definite decision," he said.
Apart from the issue of energy supply, Bahlil said that the discussion with the President also touched on the implementation of downstream.
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