| Indonesia is reactivating its membership of the Organization of the Petroleum Exporting Countries in December, the group said Tuesday, which would add almost 3 percent to its oil output, already close to a record high. The southeast Asian country would be the fourth-smallest producer in the OPEC ahead of Libya, Ecuador and Qatar, and bring the number of participants to 13 countries.
Indonesia was the only Asian OPEC member for nearly 50 years before leaving the group at the start of 2009 as oil prices hit a record high, and rising domestic demand and falling production turned it into a net oil importer...............................................Full Article: Source
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