November 20, 2025 | 08:17 pm
TEMPO.CO, Jakarta - Indonesian Coordinating Minister for the Economy Airlangga Hartarto confirmed that the import of oil and gas from the United States would continue to undergo a bidding process. This oil and gas import is part of a reciprocal tariff agreement and will be executed by PT Pertamina. "There will definitely be a bidding process for the American vendors for the direct import," Airlangga told reporters at The Westin, Jakarta, on Thursday, November 20, 2025.
He also stated that a memorandum of understanding (MoU) related to the import had been prepared. Later, Airlangga said, the MoU would be a derivative of the finalized reciprocal tariff agreement. The government targets to finalize the tariff agreement with the U.S. by the end of the year.
According to Airlangga, the import of oil and gas from the U.S. can only be realized after the agreement is signed. He stated that the scheme for oil and gas import from the U.S. is open to the private sector. In the agreement with the U.S., Indonesia has committed to purchasing U.S. energy products worth $15 billion. In return, Indonesia will receive a 19 percent tariff.
Previously, PT Pertamina stated that it could not yet import crude oil from America because it is still awaiting official regulations from the government. "Still waiting for regulations. Well, we have to be prepared," said Pertamina CEO Simon Aloysius Mantiri after a meeting with the House of Commission VI (DPR), Jakarta, on Wednesday, November 19, 2025.
Simon said the company could not yet determine when the import would be carried out. He said that while waiting for the regulations to be issued, Pertamina is only preparing the technical steps, such as ensuring the refinery is ready to accommodate the oil.
Nandito Putra contributed to this article
Editor's Choice: Government Discloses Indonesia's Latest Oil and Gas Reserves
Click here to get the latest news updates from Tempo on Google News
Taiwan Secures Hundreds of Millions in US Defense Contracts
6 jam lalu
The United States approved the sale of the nearly US$700 million NASAMS air defense system to Taiwan.
China Suspends Imports on Japanese Seafood as Diplomatic Tensions Grow
7 jam lalu
China has announced its decision to once again ban the import of seafood from Japan, as the diplomatic dispute between the two countries escalates.
Waste-to-Energy Project Ready to Start in South Tangerang
10 jam lalu
The Waste Processing into Electric Energy project in South Tangerang is carried out by subsidiary of OASA, PT Indoplas Energy Hijau.
Pertamina to Shed Several Subsidiaries in 2026, Which Ones Are Included?
1 hari lalu
Pertamina will consolidate several business lines to sharpen its focus on core energy operations and support national energy self-sufficiency.
Michael Bloomberg Meets Prabowo and Danantara CEO for Lunch at the Palace
2 hari lalu
Today, President Prabowo Subianto and Danantara CEO Roslan Roslani met with Michael Bloomberg at the Presidential Palace.
Indonesian Govt Urges Thrift Sellers at Pasar Senen to Shift to Local Products
2 hari lalu
The Ministry of MSME is currently seeking 1,300 local brands to supply the Pasar Senen thrifting market.
UN Security Council Adopts US-Drafted Resolution for Gaza Ceasefire
2 hari lalu
The UN Security Council approved the U.S. draft resolution establishing a transitional government in Gaza.
A History of the Longest US Government Shutdowns from 1980-2025
3 hari lalu
The list of U.S. government shutdowns reveals how budget disputes and partisan clashes repeatedly disrupted federal services.
Indonesia Intensifies Crackdown on Illegal Second-hand Clothing Imports
3 hari lalu
Minister Maman Abdurrahman said the practice of buying and selling second-hand clothing comes in many forms, not all of which are problematic.
Jakarta Police Seize Hundreds of Illegally Imported Used Clothing Bales in Trade Bust
5 hari lalu
The Jakarta Metropolitan Police official explained that the discovery of this illegal imported second-hand clothing trade originated from a public tip
