Indonesia will withdraw from the Organisation of Petroleum Exporting Countries after years of declining exports, the energy minister said Wednesday even as other producers cash in on soaring oil prices.
The only Southeast Asian member of the cartel has become a net oil importer and will not bother to renew its OPEC membership at the end of this year, Energy and Mineral Resources Minister Purnomo Yusgiantoro said.
Wednesday, May 28, 2008
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