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Indonesia tries to reverse output decline
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.320403.x
Subject(s) - falling (accident) , consumption (sociology) , production (economics) , petroleum , economics , business , natural resource economics , international trade , international economics , development economics , macroeconomics , chemistry , environmental health , social science , sociology , medicine , organic chemistry
Despite being a member of the Organization of the Petroleum Exporting Countries, Indonesia is a net importer of oil. Consumption is rising rapidly and output is declining. The country's plight is made worse by the fact that its gas production is falling as well, leaving it few options to improve its energy situation.