Pertamina Increases Oil Reserves and Output as U.S.-Venezuela Tensions Rise

KN. Indonesia is stepping up efforts to boost domestic oil production amid global geopolitical uncertainty, including the capture of Venezuelan President Nicolás Maduro by the United States, which could potentially disrupt global oil supplies, the Energy and Mineral Resources Ministry said. Ministry spokesperson Dwi Anggia said the government is strengthening Indonesia’s energy resilience by increasing strategic oil reserves and optimizing domestic production to reduce exposure to external shocks.

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