Hanoi, May 27 -- Indonesia plans to slash fuel imports from Singapore and pivot to supplies from the US and the Middle East, in a move that analysts see as a bid to reduce its dependence on the neighbouring city state and gain a strategic advantage in trade talks with the US.
Earlier this month, Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said that Indonesia could redirect up to 60% of its fuel imports away from Singapore over the next six months as part of a broader diversification strategy.
Bahlil said that it is not only a matter of price but also geopolitical issues and Indonesia needs to have a balance with other countries. At the same time, Indonesia aims to progressively reduce imports from Singapore to z...
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