| Indonesia is close to rejoining Opec despite a continuing decline in crude output in Southeast Asia’s largest economy. High quality global journalism requires investment. The country hopes to be readmitted to the oil producers’ cartel at the December meeting of Opec nations, seven years after Jakarta suspended its membership amid falling production.
In a statement on Tuesday, Opec said Jakarta had submitted an official request to reactivate its membership, which had been circulated to cartel members for approval. Following feedback, Sudirman Said, Indonesian energy minister, would be invited to Opec’s December meeting, it said. “This will include the formalities of reactivating Indonesia’s membership of the organisation. . . Indonesia has contributed much to Opec’s history. We welcome its return,” the statement added...............................................Full Article: Source
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