Indonesian energy minister seeks to rejoin Opec
Jakarta
INDONESIA'S energy minister said on Thursday he would ask for President Joko Widodo's approval for the country to rejoin Opec seven years after leaving the oil exporters' group.
Indonesia was the only Asian member of the Organization of the Petroleum Exporting Countries for nearly 50 years, before leaving the group in late 2008 as rising domestic demand and falling production turned it into a net oil importer.
TRENDING NOW
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
How the ultra-rich buy property
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Jardines has survived wars and market collapses. Can it survive the digital age?