450,000 Barrels of Crude Oil from Algeria Docked in Cilacap

2 hours ago 15

TEMPO.CO, Jakarta - The Gamkonora vessel, shipping 450,000 barrels of crude oil from the Menzel Lejmat (MLN) Block 405a in Algeria, has docked in Cilacap, Central Java, on June 24, 2026. The President Director of PT Pertamina Internasional EP (PIEP), Syamsu Yudha, mentioned that the tanker had traveled for 41 days from Port Arzew, Algeria, departing on May 14, 2026.

"This shipment strengthens Pertamina's position as an internationally competitive oil and gas company, while fulfilling the mandate to support national energy resilience through superior and sustainable operations," he said in a written statement on Friday, June 26, 2026.

The Block 405a oil and gas working area in Algeria is operated by the Pertamina subsidiary, Pertamina Internasional EP, which is part of a 25-year contract extension with the Algerian national oil company (Sonatrach).

Syamsu mentioned that this shipment is the second one this year after the first shipment of 1 million barrels arriving at the end of January. Following the second shipment, PIEP plans to send a third shipment departing in August and arriving in September 2026.

PIEP Relations Manager Dhaneswari Retnowardhani explained that the crude oil shipment from Algeria aims to ensure that oil and gas production from overseas assets is directly beneficial to Indonesia. The management is committed to supporting stable and secure national energy resilience through strong operational planning and synergy.

"In line with this, PIEP is optimizing the economic value of global production through leveraging international market opportunities and managing value-added portfolios," Dhaneswari stated.

Read: Indonesia and Algeria Partner to Boost Fertilizer Output

Click here to get the latest news updates from Tempo on Google News


Global Oil Prices Plunge Below US$80: What Happens?

23 jam lalu

Global Oil Prices Plunge Below US$80: What Happens?

The global oil prices are now plummeting away from the US$80 per barrel level.


Gradual Drop in Pertamax Fuel Prices Likely Through Year-End, Experts Say

5 hari lalu

Gradual Drop in Pertamax Fuel Prices Likely Through Year-End, Experts Say

Economist Yayan Satyaki projects Pertamax fuel prices will decrease to Rp12,100-Rp13,500 per liter by December 2026.


Crude Oil Futures Prices Plunge 5%

31 hari lalu

Crude Oil Futures Prices Plunge 5%

Crude oil futures fell about 5 percent as markets reacted to progress in U.S.-Iran peace talks.


Indonesia's Crude Oil Price Surges to US$117.31

38 hari lalu

Indonesia's Crude Oil Price Surges to US$117.31

The increase in crude oil prices in April 2026 was influenced by the continued escalation of geopolitical conflicts.


Cuba's Power Grid 'Critical' as US Blocks Fuel Shipments

42 hari lalu

Cuba's Power Grid 'Critical' as US Blocks Fuel Shipments

Protests flared in Havana amid widespread blackouts. Cuba officials met CIA Director John Ratcliffe with a goal of improving bilateral cooperation.


Global Oil Prices Ease to $104 a Barrel After Recent Surge

51 hari lalu

Global Oil Prices Ease to $104 a Barrel After Recent Surge

Brent crude futures pushed oil prices above US$120.94 per barrel on April 30, 2026.


Indonesia Eyes Russian LPG Imports Alongside Crude Oil

54 hari lalu

Indonesia Eyes Russian LPG Imports Alongside Crude Oil

Energy Minister Bahlil Lahadalia confirms Russian crude oil will soon arrive in Indonesia, with plans to also explore LPG imports.


US Military Intercepts at Least Three Iranian Oil Tankers in Asian Waters

23 April 2026

US Military Intercepts at Least Three Iranian Oil Tankers in Asian Waters

The US military has reportedly intercepted at least three Iranian oil tankers in Asian waters.


Pertamina Raises 12-kg LPG Price amid Global Oil Surge

19 April 2026

Pertamina Raises 12-kg LPG Price amid Global Oil Surge

Pertamina Patra Niaga has raised non-subsidized 12-kg LPG prices to Rp228,000 per cylinder.


Indonesia Plans to Begin Russian Oil Imports This Month

17 April 2026

Indonesia Plans to Begin Russian Oil Imports This Month

The Minister of Energy and Mineral Resources added that the plan to import oil from Russia would not reduce imports from the U.S.


Read Entire Article
Pemilu | Tempo | |