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Sunday, November 8 - 2009

Indonesia to quit OPEC

  • Middle East: Wednesday, May 28 - 2008 at 15:22

Indonesia, the only OPEC member in South East Asia will leave the organisation today. The announcement comes as the country's annual output stands at 49% of its 1970s peak and industrial disputes have slowed new developments. The country now imports close to 30% of its domestic oil needs.

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