Russia could potentially participate in oil and gas ventures in Indonesia
Ready to dive into oil and gas ventures on Indonesia's continental shelf? That's exactly what Russian President Vladimir Putin is proposing after his chat with Indonesian leader Prabowo Subianto.
Putin made it clear, "We're all about jumping on board with new projects happening off Indonesia's coast and giving a makeover to existing oil fields. We want to pump up the volume, boost productivity, and make these energy resources work harder for us."
What's more, Russia's major energy companies are already leaving their mark on the Indonesian market. Putin remarked, "We're not just interested in supplying more hydrocarbons, including oil and liquefied natural gas. We've got this ambitious project going on to build a massive oil refinery and petrochemical complex in East Java province – talking big moves here!"
Post-talk, Putin shared his impression of the conversation, stating that it was jam-packed with substance. According to him, on the key international issues on the table, the views of both nations either line up neatly or are pretty darn close.
Now, for a little more insight, here's the lowdown: Indonesia is gearing up to optimize productions from their existing wells and revive dormant assets to boost overall efficiency. This plays right into Putin's offer to lend a helping hand with productivity enhancement on the continental shelf.
To give you a clearer picture, some of Indonesia’s major players are implementing cutting-edge technologies like Enhanced Oil Recovery (EOR) to boost output from existing fields. This tech could line up neatly with Russia's modernization efforts.
Long story short, Russia aims to beef up hydrocarbon supplies and strengthen strategic ties with Indonesia in offshore oil and gas development. This collaboration dovetails tidily with Indonesia’s strategic goals to boost production capacity and maintain energy security.
© 2025, RIA "Novy Day"
Russia and Indonesia are discussing collaborative initiatives in the oil-and-gas industry, particularly on Indonesia's continental shelf. Putin expressed interest in enhancing existing oil fields and supporting new projects, aiming to boost productivity and energy resources for both countries (finance, industry, energy, oil-and-gas). Furthermore, Russia is planning to construct a sprawling oil refinery and petrochemical complex in East Java province, demonstrating a significant financial investment and strengthening strategic ties (finance, industry).
