Indonesia Seeks 10 Million Barrels of Oil to Build First Reserve
- Government also seeking gasoline, LPG for energy buffer
- Stockpiles to be ready by 2035, depending on state finances
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Indonesia plans to set aside more than 10 million barrels of crude — about a 10th of global daily consumption — over the next decade as a buffer against energy shocks.
The government is also seeking almost 10 million barrels of gasoline and more than half a million tons of liquefied petroleum gas by 2035, depending on its financial capability, it said in a regulation outlining the plan.