Wednesday, May 28, 2008

Indonesia Dropping Out of OPEC

Indonesia may be dropping its membership in OPEC, the Organization of Petroleum Exporting Countries.  Indonesia is the only member of OPEC in Asia, but for years the country has been a net importer of oil rather than an exporter.  A radio report this morning stated that part of the problem could be that the legal and investment climate in Indonesia has kept foreign oil companies from investing in Indonesia. 


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