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To: ild who wrote (21547)	11/8/2004 9:46:24 PM
From: ild	Read Replies (1) \| Respond to of 110194

JAKARTA (Antara): Indonesia has been advised to discontinue its membership in the Organization of Petroleum Exporting Countries (OPEC) as it is no longer beneficial to the country and the membership fee of about US$ 2 million a year is too high. "Maintaining its membership in OPEC is no longer beneficial to Indonesia," Baihaki Hakim, former president of state oil and gas company Pertamina, said on Monday. Speaking at a seminar on "Investment Prospects in Oil and Gas" after the enactment of a law on the downstream and upstream industry, Baihaki said it was time now for Indonesia to quit OPEC as the country's oil production had dropped while its consumptioncontinued to rise. Besides saving $2 million from the membership fee, the government could also ask people to save energy. "After quitting OPEC, people will increasingly be aware that our country has not much oil so that they will start to save energy," Baihaki added.