Indonesian Energy and Mineral Resource Ministry spokesperson Sujatmiko said the country has sent a letter to the Organisation of Petroleum Exporting Countries (OPEC) requesting to reactivate its membership in the group.
Jakarta (VNA) – Indonesian Energy andMineral Resource Ministry spokesperson Sujatmiko on June 6 said the country hassent a letter to the Organisation of Petroleum Exporting Countries (OPEC)requesting to reactivate its membership in the group.
According to Energy and Mineral Resource Deputy MinisterArcandra Tahar, the letter was sent after Indonesia was invited to rejoin OPECand it could avoid production cuts.
The Southeast Asian country was considering theinvitation letter as long as their output will not get cut, he added.
Haid Mustofa Djiuraid, a special staff of theministry, said Indonesia’s proposal had been agreed in principle by other OPECmembers, but it is waiting for a formal response from OPEC on the matter.
The OPEC membership of Indonesia has beensuspended in November 2016, less than a year after the country rejoined theorganisation due to its disagreement on the group’s proposed production cuts.
Previously, in May 2016, OPEC members agreed tocut the oil output to 1.2 million barrels per day to tighten global supply andsupport prices. They were joined by some other major oil producers, includingRussia, which cut 600,000 barrels per day.-VNA
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Illustrative image (Photo: tempo.co) 
