Companies / Indonesia
Additional Output Little Help For Indonesia
July 2006 | Industry NewsIndonesia will see additional output of 24,250 barrels per day (b/d) in August, momentarily stemming the country's downward spiral of dwindling production and rising imports. The new production is scant relief for a government struggling to come to terms with its new position as one of the world's net importers of hydrocarbons. Despite still being a member of the exporter's cartel OPEC, the country last year consumed 1.16mn barrels per day (b/d) but only produced 1.08mn b/d. New projects in the pipeline, including US oil major ExxonMobil's Cepu development, are unlikely to be sufficient to stem the tide of
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