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

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RENEE MONTAGNE, Host:

NPR's business news starts with OPEC minus one.

I: Jakarta's energy minister today said it doesn't make sense for his country to be in OPEC, because Indonesia is no longer a net oil exporter. Apparently corruption and a weak legal system have made oil companies wary of doing business there. For decades, exploration and oil production have been declining, and now the country imports oil.

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