Indonesian Minister Proposes 700,000 b/d OPEC/Non-OPEC Output ReductionPlan
The new Indonesian Oil Minister, Mr. Ginanjar Kartasasmita, stated in Jakartaon 21 April that he would put forward a plan at next week's Vienna meetings fora 700,000 b/d cutback in output from OPEC and non-OPEC oil exportingcountries. However, he made it clear that the OPEC volume cut of 300,000 b/dwould result from improved quota discipline within the existing ceiling rather...
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