Indonesia's Oil Import Ups and Downs: From Megawati's Era to Jokowi's

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Adi Ahdiat 30/11/2023 16:34 WIB

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Based on BPS data, Indonesian oil imports have shown an increasing trend over the last two decades, from the Megawati to the Jokowi presidencies.

Indonesia's Annual Crude Oil Import Volume (2002-2022)

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Indonesia's Oil Import Ups and Downs: From Megawati's Era to Jokowi's

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Indonesia's Annual Crude Oil Import Volume (2002-2022)

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Indonesia imports tens of millions of tons of oil annually, encompassing both crude oil and refined petroleum products.

This import volume correlates with the rising national oil consumption, which domestic production cannot meet.

Data from the Central Bureau of Statistics (BPS) indicates a general upward trend in Indonesia's oil imports over the past two decades.

During the 2002-2004 period, under President Megawati Soekarnoputri, total national oil imports (crude oil and refined products combined) ranged from 30 to 34 million tons per year.

This increased to 33 to 45 million tons annually during President Susilo Bambang Yudhoyono's (SBY) tenure (2005-2014).

Indonesia's oil imports reached a peak of 45.6 million tons in 2013 under President SBY.

Under President Joko Widodo (Jokowi) (2015-2022), imports slightly decreased, ranging from 31 to 44 million tons per year.

The lowest oil imports during Jokowi's presidency occurred in 2020, when public and industrial activity drastically reduced due to the COVID-19 pandemic.

However, national oil imports subsequently rose, reaching approximately 40 million tons in 2022.

According to British Petroleum (BP) data, Indonesia produced only 31.4 million tons of oil in 2022, while consumption reached 69.7 million tons.

This resulted in an oil supply deficit (the difference between production and consumption) of approximately 38.3 million tons last year.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Oil Import Ups and Downs: From Megawati's Era to Jokowi's

Indonesia's Oil Import Ups and Downs: From Megawati's Era to Jokowi's

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Indonesia's Oil Import Ups and Downs: From Megawati's Era to Jokowi's

Indonesia's Oil Import Ups and Downs: From Megawati's Era to Jokowi's

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20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

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