OPEC: Indonesia's Still a Member
The Organization of Petroleum Exploration Countries affirmed that Indonesia remains a member of the cartel, Indonesian oil and gas regulator BP Migas reported.
According to BP Migas, OPEC believes that Indonesia's oil production will rise along with a significant increase in oil and gas investment.
Indonesian Energy and Mineral Resources Minister Purnomo Yusgiantoro said that Indonesia is still a net oil importer, calculating crude to crude. Indonesia's presence in OPEC is considered very important because it fosters cooperation with other members in areas such as politics and the economy.
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Company: BP Migas more info
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Company: Indonesian Ministry of Energy and Mineral Resources more info
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