"This oil company is in Jakarta."

Translation: Perusahaan minyak ini ada di Jakarta.

[Ria___]

Can oli be used here instead of minyak, or are they different types of oil?

[Rick392366]

It's better to use "minyak" in this sentence.
"oli" also means "oil", but it's the oil that you put in your car/motorcycle engine.
"minyak" is the general term for "oil".
There are indeed different types of "minyak" :
minyak tanah (crude oil), minyak goreng (cooking oil), minyak kelapa (coconut oil), etc...