INDONESIA SEEKS RUSSIAN OIL FOR THE FIRST IN YEARS

Indonesian refiner Pertamina has added Russian oil grades to its tender lists to buy September crude. Pertamina hasn't purchased Russian oil for years, having taken a step back since the start of Russian-Ukraine military conflict in 2022, though the state did not join western sanctions against Russia.

Pertamina last purchased ESPO Blend and Sokol oil from Russia more than 10 years ago, LSEG data shows. Western sanctions against the Russian energy sector, including EU embargo on its oil and the price cap mechanism, have made China, India and Turkey the main buyers of Russian oil.

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