Pertamina Explores Russian Oil Purchases Amid Evolving Market Dynamics
By including Russian oil grades to its tender lists for September crude purchases, Indonesian state-owned refiner Pertamina is contemplating a major change in its procurement approach. Pertamina has not acquired Russian oil for more than 10 years, mostly due to geopolitical concerns and market changes, hence this action occurs despite a long break. Historical Context and Current Evolution Data from …