BusyBodyQueen

Thursday, November 26, 2015

New OPEC Member







After defending the interests of oil-exporting nations for five decades, Opec has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps.
Indonesia will rejoin the Organization of Petroleum Exporting Countries as its 13th nation next month, almost seven years after suspending its membership. The country says that as Opec's only Asian constituent, it will provide a vital link to the region where demand is growing fastest. Still, saddled with an oil-import bill of about US$13 billion last year, Indonesia makes an unlikely addition to the exporters' club.







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