Wednesday 21 February 2018
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3 months ago

Indonesia happy to stay outside of Opec for now

In November 2016, Indonesia decided to temporarily withdraw from Opec following the group s decision to cut production by 1.2 million barrels of oil per day (bopd) in 2017 in a bid to rebalance what had become an oversupplied market. In line with President [Joko Widodo s] instruction, we will keep the membership freeze, Deputy Energy and Mineral Resources Minister Arcandra Tahar saidon Tuesdayevening, adding that the government had officially informed Opec several months ago. In June, however

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