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

Badaruddin, Muhammad (2015) Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries. Journal of ASEAN Studies, Vol.03 (02). pp. 116-132. ISSN 2338-1361 print / 2338-1353 electronic

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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.

Item Type: Article
Uncontrolled Keywords: International Oil Trade; Oil Exporting Countries; OPEC; Global Petroleum Governance; Energy Security
Subjects: Political Science > International Studies
Political Science > Political science (General)
Political Science > International Relations
Divisions: Fakultas Ekonomi dan Ilmu Sosial > Program Studi Ilmu Politik
Depositing User: Users 2 not found.
Date Deposited: 29 Jul 2016 03:23
Last Modified: 29 Jul 2016 03:23

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