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Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries

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Badaruddin, Muhammad

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Abstract Reactivation of Indonesia's full membership to the Organization of the Petroleum Exporting Countries (OPEC) triggered discussion surrounding global petroleum governance. The country which decided to suspend its full membership at the end of 2008, currently labelled as net oil importer. However, in OPEC terms Indonesia never really left, instead of the organization termed it as a "suspension". Departing from the abovementioned context and perspectives, purpose of this essay is to answer the questions about the significance of the Indonesia's membership reactivation to OPEC, and the strategic context of the reactivation in the current global oil market. In answering these questions, this article draws the dynamics of the relation of Indonesia and OPEC through the history in the first part and explores Indonesia's interests in rejoining OPEC in the second one. In the third part, this essay will explore the possible benefit for OPEC as an organization as well as for its member countries could achieve by approving Indonesia's request to reactivate its membership, despite its status as a net oil importer.
Keywords OPEC; energy policy; energy supply; Indonesia; crude oil; governance; export; import; international economic relations; economic development (on national level); geopolitics; Southeast Asia; newly industrializing countries
Classification International Relations, International Politics, Foreign Affairs, Development Policy; Economic Sectors
Free Keywords Global Petroleum Governance
Document language English
Publication Year 2015
Page/Pages p. 116-132
Journal Journal of ASEAN Studies, 3 (2015) 2
ISSN 2338-1353
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-NonCommercial