Friday, January 27, 2006

Eastern Asia:

Indonesia Says OPEC Should Maintain Output Due To Risks Over Iran's Nuclear Ambitions
26 January 2006

BUSINESS TIMES (JAKARTA) – Indonesian Energy Minister Purnomo Yusgiantoro stated that the Organization of Petroleum Exporting Countries (OPEC) should maintain its current output levels as prices are likely to stay high over geopolitical concerns in Iran. Tehran has asked OPEC to cut oil production by 1 million barrels per day from April. Indonesia is the only Southeastern Asia member of OPEC and currently is a net importer of oil. OPEC is scheduled to meet next on January 31, 2006 in Vienna.

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