How much oil does Indonesia produce?

Oil Production in Indonesia Indonesia produces 945,637.22 barrels per day of oil (as of 2016) ranking 22nd in the world. Indonesia produces every year an amount equivalent to 9.3% of its total proven reserves (as of 2016).

Is Indonesia a major oil producer?

The biggest oil producers in Asia are China, India, and Indonesia. China accounts for more than half of the total production in Asia and imports additional oil to meet domestic demand. Malaysia and Thailand are also among the largest oil producers in Asia.

Is there a lot of oil in Indonesia?

Oil is a major sector in the Indonesian economy. Within Indonesia, there are considerable amounts of oil in Sumatra, Borneo, Java, and West Papua Province. There are said to be around 60 basins across the country, only 22 of which have been explored and exploited.

Where does Indonesia import oil from?

Indonesia Crude Oil: Imports was reported at 233.000 Barrel/Day th in Dec 2020….Buy Selected Data.

Does Indonesia have oil refineries?

The Balongan Refinery is one of Indonesia’s largest refineries and also one of its most crucial, as it feeds fuel and petrochemicals to the greater Jakarta area.

What is the main export of Indonesia?

Indonesia’s most important export commodities are oil and gas, minerals, crude palm oil, electrical appliances and rubber products. However Indonesia exports of goods and services, as a proportion of GDP, is relatively low at 20%.

Does Indonesia import crude oil?

Due to this decline in production and a rapid increase in domestic consumption, Indonesia is now a net importer of oil. Bank of Indonesia reports that as of December 2018, oil and gas exports value amounted to USD 1.3 billion while imports amounted to USD 3 billion.

Is Indonesia a net oil exporter?

Although Indonesia is a net oil importer, the country continues to export crude oil and condensates. Because Indonesia is an archipelago, geographic distances between its domestic oil production and demand centers encourage both imports and exports.

How many oil refineries are there in Indonesia?

six oil refineries
Indonesia currently has six oil refineries, all operated by the nation’s state-owned energy company Pertamina.

Where is the biggest oil refinery in Asia?

Jamnagar Refinery, Reliance Industries – India The Jamnagar Refinery, commissioned in July 1999, is a private sector crude oil refinery and the largest refinery in the world, with a capacity of 1.24 million barrels of oil per day. It’s owned by Reliance Industries Limited and is located in Jamnagar, Gujarat, India.

How much oil does Indonesia use per day?

Indonesia Oil Consumption data is updated yearly, averaging 765.480 Barrel/Day th from Dec 1965 to 2020, with 56 observations. The data reached an all-time high of 1,663.132 Barrel/Day th in 2012 and a record low of 114.318 Barrel/Day th in 1967. Indonesia Oil Consumption data remains active status in CEIC and is reported by BP PLC.

How does the Indonesian government affect oil consumption?

Government Policy that Influences Indonesia’s Oil Consumption. One heavily criticized government policy of Indonesia was the decade-long fuel subsidy policy which – to a large extent – was subsidized by the state budget.

Who are the major oil producers in Indonesia?

Chevron Pacific Indonesia, subsidiary of Chevron Corporation, is the largest producer of crude oil in the country, accounting for around 40 percent of national production. Other major players in Indonesia’s oil industry are state-owned Pertamina, Total, ConocoPhillips, PetroChina, CNOOC, Medco, BP, Kodeco, and Exxon Mobil.

When did Indonesia become a net oil importer?

The decline in Indonesia’s oil production in combination with increased domestic demand turned Indonesia into a net oil importer from 2004 onward, implying that it had to terminate its long-term membership (1962-2008) in the OPEC. However, Indonesia will re-join the OPEC in December 2015.