Indonesia's crude oil exports will plummet more than threefold by 2000 as production falls and domestic consumption soars, predicts East-West Center, Honolulu.
Production from existing fields will decline to 1.035 million b/d in 2000 from 1.51 million b/d in 1992 and 1.4 million b/d in 1995. At the same time, domestic demand will climb to 804,000 b/d in 2000 from 622,000 b/d in 1992 and 802,000 b/d in 1995. Consequently, net exports of crude will plunge to 231,000 b/d by 2000 from 803,000 b/d in 1992 and 598,000 b/d in 1995.
The Organization of Petroleum Exporting Countries member exported only about 770,000 b/d in the first 9 months of 1993, down 4% from 1992.
Crude imports in the period rose to 170,000 b/d from 166,000 b/d in 1992 and 122,000 b/d in 1991.
