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
21 August 2025
The administration has once more reduced its short-term gas price forecasts, but the expectation remains the market will tighten over the coming year, on the back of
19 August 2025
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
19 August 2025
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
