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High oil prices challenge Indonesia's economy
Public Policy; Political and Legal News

Indonesia's oil troubles are coming home to roost, posing a growing challenge to President Susilo Bambang Yudhoyono's ability to maintain economic stability.

Indonesia is a member of the Organization of Petroleum Exporting Countries, and oil and natural gas represent one of the country's largest sources of export revenue. But as a result of red tape, legal uncertainty and past political turmoil, Indonesia has become a net oil importer, as companies shy away from investing in new oil wells or refineries.



International Herald Tribune

Posted on Wednesday, August 17 @ 04:30:06 PDT by waegari
 
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ARE We Out of Gas Yet?

 
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Re: High oil prices challenge Indonesia (Score: 1)
by peep7 on Tuesday, May 30 @ 03:19:54 PDT
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