High oil prices challenge Indonesia's economy
Date: Wednesday, August 17 @ 04:30:06 PDT
Topic: 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







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