Indonesia Will Have Equal Position in OPEC, Minister Says

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  • TEMPO.CO, Jakarta - Energy and Mineral Resources Minister Sudirman Said claimed that President Joko "Jokowi" Widodo had agreed with Indonesia's plan to rejoin the Organization of the Petroleum Exporting Countries (OPEC). Jokowi added that the plan had been proposed twice to the president.

    "[Jokowi] agrees with me," said Sudirman on Friday, May 15, 2015.

    Sudirman said that by joining OPEC, Indonesia will have an equal position with other oil exporting countries and will gain early access to information related to oil compared to non-OPEC countries.

    Sudirman is confident that Indonesia will be allowed to join OPEC. Because although Indonesia is no longer an oil exporting countries, its status as one of the largest oil importers will provide a strong bargaining position in the global oil market.

    Sudirman said that he would attend the OPEC meeting scheduled to be held on June 3 to June 4 in Vienna where Indonesia will act as an observer.