Wiloto Corp. - Indonesia Expert, Strategic Indonesia, Indonesia Public Relations

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Monday, February 06, 2006

Indonesia's 2005 oil output 955,000 barrels/day, below target

JAKARTA (Bloomberg): Indonesia produced 955,000 barrels per day of crude oil and condensate last year, missing its target, Minister of Finance Sri Mulyani Indrawati said today.

The country set a target of 1.075 million barrels of crude oil and condensate in the 2005 state budget, she told a parliamentary hearing. She didn't give any reason why production failed to meet target.

Indonesia, the second-smallest producer in the Organization of Petroleum Exporting Countries, has failed since early 2002 to meet its OPEC output target, currently at 1.451 million barrels a day.

February 06, 2006

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