Indonesia, OPEC's Only Asian Member, to Pull Out Indonesia says it's pulling out of the Organization of Petroleum Exporting Countries. The energy minister says it makes no sense for his country to be in OPEC because it is no longer a net oil exporter. Exploration and oil production have been declining for years, and OPEC's only Asian member now imports oil.

Indonesia, OPEC's Only Asian Member, to Pull Out

Indonesia, OPEC's Only Asian Member, to Pull Out

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Indonesia says it's pulling out of the Organization of Petroleum Exporting Countries. The energy minister said Wednesday that it makes no sense for his country to be in OPEC because it is no longer a net oil exporter. For decades, exploration and oil production have been declining, and the country — OPEC's only Asian member — now imports oil.

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