Indonesia produces about 608,100  barrels of crude oil per day, slightly surpassing the 2025 state budget target of 605,000 barrels. However, domestic consumption stands at 1.6 million bpd, highlighting a significant gap between production and demand. Despite being a notable oil producer, Indonesia relies heavily on imported refined petroleum products. Its aging refineries meet only […]The post Why oil-rich Indonesia imports most of its fuel appeared first on Asia Times.