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Indonesia to Rejoin OPEC after 7 Years

Indonesia to Rejoin OPEC after 7 YearsIndonesia to Rejoin OPEC after 7 Years

Indonesia's energy minister said yesterday that President Joko Widodo agreed to a plan for the country to rejoin Opec, seven years after Southeast Asia's biggest crude producer left the oil exporters group. "He fully agrees because we need to associate with the market," said the Energy and Mineral Resources Minister Sudirman. "We are one of the biggest buyers, so naturally we should establish relations with producers, not only exporters," he stated.

 

Financialtribune.com