Indonesia Imports Approximately 770,000 Barrels of Russian Crude Oil for the First Time
2026-07-11 09:58
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en.Wedoany.com Reported - The first phase of the renovation of Chapayev Street and the riverside boulevard in the river port area of Nizhnevartovsk is expected to be completed in 2026. The work is being carried out within the framework of the national project "Living Infrastructure", with landscaping, sidewalk paving, decorative lighting installation, and other elements of a comfortable urban environment planned for an area of 6,100 square meters.

On July 10, 20 gas stations in Novorossiysk were available for refueling. AI-100 gasoline was out of stock at all stations. AI-95 and AI-92 could be found at 4 stations, and diesel was available at 17 stations. All stations had restrictions: refueling was only allowed into vehicle fuel tanks, with limits ranging from 20 to 60 liters depending on the station.

The average price of a gallon of gasoline (3.79 liters) in the United States rose by 5 cents (approximately 3.80 rubles) due to the renewed outbreak of tensions in the Middle East. The current price for regular gasoline is $3.84 per gallon (approximately 77.02 rubles per liter). The average diesel price increased to $4.81 per gallon (96.48 rubles per liter).

Starting July 10, gas stations in the Trans-Baikal Territory are once again allowed to refuel into cans, a regulation applicable to stations on federal highways and municipal areas. Chita is an exception, where refueling into cans will be permitted later.

The price of natural gas on the European exchange fell by 1.4%. The August TTF futures contract opened at $580.2, 2% lower than the previous closing price. As of 8:59 Moscow time, the index adjusted to $584.1 per thousand cubic meters, down 1.4% from the previous trading day's settlement price of $592.2.

Indonesia imported Russian crude oil for the first time following an agreement between the two countries in April. Approximately 770,000 barrels of oil (worth about $75 million) arrived at the port of Balikpapan on June 29. The loading port was Kozmino in Russia, and the cargo was transported by the tanker Sierra.

EU countries weakened and scaled back the initial proposal for the 21st round of sanctions against Russia put forward by the European Commission before final approval. In lengthy debates, the most stringent restrictive measures in the proposal (including those related to energy) were almost entirely removed or significantly reduced. Countries also discussed freezing the current Russian oil price cap of $44 per barrel.

India's leading oil and gas company, Oil and Natural Gas Corp (ONGC), announced plans to build a strategic crude oil storage facility with a capacity of 1.75 million tons in Mangalore, southern India. Previously, New Delhi had approved partial commercial use of its strategic reserves at three southern locations—Mangalore, Padur, and Vizag—with a total storage capacity of 5.33 million tons.

Chevron Australia announced a long-term natural gas supply contract with partner Alinta Energy. Starting from July 2027, for a period of five years, Chevron will supply 46 PJ of natural gas annually from its share of the Gorgon, Wheatstone, and North West Shelf projects in Western Australia.

Uzbekistan has resumed production from one of three exploration wells at the Akchibulak condensate field, which were drilled between 2013 and 2015. These wells were shut in and sealed for technical reasons due to the production of natural gas along with formation water; a reanalysis of geological data indicated additional potential for these wells.

Shipping traffic through the Strait of Hormuz has sharply declined this week following Iran's attack on several merchant vessels. In the past 24 hours, only 7 ships entered the waters of the Persian Gulf, including 5 cargo ships and 2 tankers; 6 ships departed, including 4 cargo ships and 2 tankers.

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