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Indonesia is leaving the Organization of the Petroleum Exporting Countries. The move will free up Jakarta to increase production, which it needs to do not only to bolster the economy, but also to help stave off a potential political crisis.
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Indonesia is leaving the Organization of the Petroleum Exporting Countries (OPEC), Energy Minister Purnomo Yusgiantoro told reporters May 28. Indonesian President Susilo Bambang Yudhoyono had already said earlier in the month that Indonesia might quit OPEC because a slump in crude oil output has reduced Indonesia’s standing in the organization.


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