Middle East Economic Survey


No 7


Indonesia Studying OPEC Exit

Indonesia has appointed a government panel to consider the pros and cons of a withdrawal from OPEC. Indonesian Energy Minister Purnomo Yusgiantoro was quoted in the Jakarta Post of 8 February as saying: We are studying whether we are already a net oil importer and thus no longer eligible to be an OPEC member. The team will forward the results of the study to the cabinet as any plan for our withdrawal from...