Indonesian President Prabowo Subianto during a press conference in Kuala Lumpur
Indonesia seeks to revitalise 1m b/d oil production dream
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
Indonesia has long spoken of reversing its three-decade decline in oil production, but with a new president and energy officials, a renewed sense of purpose is now driving the country forward. President Prabowo Subianto, who assumed office in October 2024, has made energy self-sufficiency a priority for his administration. This focus is reinforced by key political appointments within the energy sector, including Bahlil Lahadalia, who was appointed minister of energy and mineral resources two months before Subianto took office. “We must have energy self-sufficiency, and we are capable of achieving it” Subianto, Indonesian president There have been further leadership changes since the
Also in this section
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
