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23 Jan 2020 | 13:21 UTC
Dubai
Middle East raises stakes in Southeast Asia oil market as US moves in

AuthorDania Saadi
EditorClaudia Carpenter
CommodityNatural Gas,  Oil,  Petrochemicals

HIGHLIGHTSMiddle East accounts for at least half of ASEAN's oil imports

10-member ASEAN oil import bill reached $74 bil in 2018

Indonesia's Pertamina aims to triple US crude imports
Dubai — Middle East oil producers are investing in more Southeast Asia energy projects to keep their market share as US crude exports grow in a region that is equivalent to India's $3 trillion economy.

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