Indonesia to build oil reserve facility to enhance energy security

NAMPA / Xinhua
2024-12-12
JAKARTA, Dec. 12 (Xinhua) -- The Indonesian government has announced a plan to construct an oil storage facility on an island near Singapore to reduce reliance on volatile oil prices amid global supply chain disruptions. The facility would be designed to store various types of oil for 30 to 40 days, surpassing the country's existing oil storage capacity, which currently holds oil for only 21 days, Indonesian Minister of Energy and Mineral Reso......
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