Middle East Economic Survey

VOL. XLVII

No 42

18-October-2004

OPEC

New Indonesian Government Faces Major Energy Challenges, Says FACTS

The incoming Indonesian government of General Susilo Bambang Yudhoyono will face major challenges in the energy sector, including the relentless decline in crude oil production and the linked move towards becoming a net oil importer, state energy subsidies and delays in adopting the new rules and regulations of the 2001 Oil and Gas Law. According to an October report...