Indonesia Eyes Guyana/Suriname Oil for Energy Security

Indonesia's state energy firm Pertamina is considering upstream oil and gas investments in Guyana and Suriname. This strategic move aims to diversify Indonesia's energy supply and bolster its long-term energy security, according to the Foreign Ministry. Exploratory discussions have already begun for cooperation in exploration and investment. While a long-term strategy, such diversification efforts by major consumers can contribute to global oil market stability, potentially influencing crude prices and indirectly impacting Pakistan's import bill and currency over time.

بحوالہ / Source: oilprice.com