Friday, 12 August 2011

Indonesia's oil output declines


August 11, 2011


JAKARTA, Aug. 11 (UPI) -- Indonesia's BPMigas oil and gas regulator says that national fields are in decline.

Apparently confirming that Indonesia's oil production has hit a decline as predicted by "peak oil" proponents, BPMigas spokesman Gde Pradnyana said Indonesia will have to reduce its dependency on oil.

For article GO HERE


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