Jakarta slashes Pertamina’s crude import quota by 30 million barrels WTI trades at discount to light sweet Malaysian, Brunei grades Local refineries directed to use more domestic crude The Indonesian government has slashed Pertamina’s crude import allowance for 2020 as Jakarta extends its efforts to lower the country’s current account deficit, strengthening the impetus for the state-run refiner to pick up more US crude as light sweet North American grades come much cheaper than Southeast Asian feedstocks. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Earlier this month, the government ordered Pertamina to cut its crude oil and condensate imports by 30 million barrels in 2020, the Energy and Mines Ministry’s acting oil and gas director general Djoko Siswanto said. The reduction in import quota suggests the state-owned oil and gas entity is only allowed to buy a total of around 50 million barrels […]