Sunday, August 14, 2005

Uh... ? Uh oh!

OPEC member Indonesia to be net oil importer this year

Last Update: 6:21 AM ET Aug. 9, 2005

JAKARTA (MarketWatch) -- Indonesia, Southeast Asia's sole member of the Organization of Petroleum Exporting Countries, will be a net oil importer in 2005, Coordinating Minister for the Economy Aburizal Bakrie said Tuesday.

"Without a doubt, Indonesia in 2005 will become a net oil importer due to low oil output," Bakrie told reporters, without elaborating. ...


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