OGJ Newsletter

03/07/2005
General Interest—Quick TakesIndonesia team to study withdrawing from OPEC Indonesia's concerns over its falling crude oil production has prompted the government to set up a team to review the country's membership in the Organization of Petroleum Exporting Countries.Minister of Energy and Mineral Resources Purnomo Yusgiantoro said the country faced several problems in maintaining its membership."We are studying whether we are already a net oil importer and thus no longer eligible to be an OPEC member," the minister said. "The team will forward the results of the study to the Cabinet, as any plan for our withdrawal from OPEC will be a diplomatic issue." He acknowledged that th...
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