JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) admits that it continues to monitor the movement of world oil prices as a measure to anticipate the Middle East war between Israel and Hamas.
Secretary General of the Ministry of Energy and Mineral Resources, Dadan Kusdiana, said that in addition to monitoring oil prices, his Ministry also continues to pay attention to world gas prices.
"What is certain is that we will continue to monitor it every day, we monitor oil prices, including our gas," he told the media quoted on Tuesday, October 24.
On the other hand, he said, the Ministry of Energy and Mineral Resources also ensures that the world's oil and gas stocks are maintained in order to maintain the security of domestic gas supply.
"First of all, we make sure that the supply should not be reduced after that, only the impact will be if the Indonesian crude oil price is 90, on an ICP basis we are still okay," added Dadan.
Dadan said the Ministry of Energy and Mineral Resources also opened the option of looking for oil sources from other countries as an anticipatory measure from the geopolitical conflict between Hamas and Israel.
Dadan ensured that Indonesia does not only depend on one country that produces crude oil.
"It must have been like that from the start, we were already doing that our multi suppliers would not depend on one country from the start," continued Dadan.
Just so you know, Indonesia is still importing crude oil from Saudi Arabia and Nigeria.
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President Joko Widodo (Jokowi) admitted that currently the world economy is increasingly unclear because the challenges of the world economy continue to arrive.
Jokowi said that geopolitical issues are also getting higher, namely the unresolved war between Ukraine and Russia, plus the war between Hamas and Israel has made a number of economic challenges continue to grow.
According to Jokowi, the war in the middle east will be very worrying for many countries because, if the war spreads, it will involve surrounding countries so that oil prices can rise again.
"If it extends to Lebanon, Syria, Iran will further complicate the economy of all countries because oil prices will definitely rise," he said.
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