State-owned energy producer, PT Pertamina reduced the crude oil and condensate imports by around 50% in the first-four months of 2019. The oil and gas producer succeed to lowered the import costs worth of US$1.4 billion. The decline was mainly influenced by the absorption of crude oil and domestic production of condensate from the part of the contractors based in the country. The volume of imports of crude oil and condensate in the period January to April 2019 around 25 million barrels or dropped dramatically compared to the same period in 2018 which was 48 million barrels.
