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.