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Indonesia may rejoin OPEC if oil output exceeds consumption

Posted on 21 December 2009

From Dow Jones: Indonesia could rejoin the Organization of the Petroleum Exporting Countries if its oil production were to exceed consumption again, Evita Legowo, director general of oil and gas at the Energy and Mineral Resources Ministry of Indonesia, said Sunday.

The country so far this year has been producing an average of 960,000 barrels of crude a day, which it hopes to increase to 965,000 barrels a day next year, Legowo told Dow Jones………………………………..Full Article: Source

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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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