Indonesia to propose OPEC roll over current output target

Jakarta (Platts)--7Mar2006

Indonesia will propose that OPEC roll over its current output quotas when
the cartel next meets in Vienna on March 8, Indonesian Oil Minister Purnomo
Yusgiantoro said Tuesday.
     "We will propose that OPEC maintain current production," Purnomo said.
The minister is scheduled to leave Jakarta Tuesday night bound for Vienna.
     Indonesia's OPEC governor Maizar Rahman earlier said that the country was
in favor of OPEC maintaining current output as Indonesia wants to see lower
crude oil prices. Indonesia hopes that NYMEX crude futures prices will return
to about $50/bbl or lower, he said.

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