OPEC’s Indonesia Eyes 42% Oil Output Boost 2017

Amid rising doubts about OPEC’s crude oil production freeze agreement, one member of the organization that’s so far stayed out of the spotlight has declared its plans to raise oil output by 42 percent in 2017. A spokeswoman for Indonesia’s state-owned oil firm Pertamina said that the company seeks to raise its total output to 438,000 bpd next year, up from an average of 308,000 bpd in 2016.

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