Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Indonesia To Fall Short Of Target Oil Production In 2005

Indonesia is likely to miss its targeted oil output for 2005 of 1.125mn b/d by 50,000 b/d, according to the chairman of the countrys oil and gas regulatory body BP Migas. The state budget target of 1.125mn b/d cannot be achieved; at most, the average [oil production] will amount to 1.075mn b/d, BP Migas chairman Kardaya Warnika said on 12 July. He added that the country had averaged...