Indonesia considers rejoining Opec
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Indonesia considers rejoining Opec

JAKARTA — Indonesia is considering rejoining the Organisation of Petroleum Exporting Countries, the Indonesian energy minister said Thursday.

The country was Southeast Asia's only member of Opec but left in 2008 after it stopped being a net exporter of oil.

"We're considering being active again at Opec because after we left, we are no longer responsive to market dynamics," Energy and Mineral Resources Minister Sudirman Said said.

Sudirman said Indonesia would attend Opec meetings as an observer this year.

It was not clear what type of membership it was considering in the longer term.

Indonesia exports some crude oil, but still imports enough refined petroleum products to make it a net importer. It is a net exporter of natural gas.

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