Indonesia is preparing a long-term contract to import crude oil from Russia, according to Energy and Mineral Resources Minister Bahlil Lahadalia.
The development signals a deepening of the bilateral energy relationship, moving beyond spot purchases to a structured, multi-year arrangement.
The minister confirmed the government is finalizing the terms for the deal, which aims to secure stable supply lines for the Southeast Asian archipelago.
This step follows earlier confirmations that Indonesia is already importing Russian crude through a government-to-government (G2G) cooperation scheme designed to bolster national energy security.
The long-term contract represents a strategic shift for Jakarta, which has sought to diversify its energy sources amid global supply volatility.
By locking in Russian supply, Indonesia aims to mitigate exposure to price spikes in other regions.
The move also aligns with Moscow's efforts to maintain export volumes despite Western sanctions, as Russia continues to redirect its energy flows toward Asia.