Indonesia’s Oil Imports Rise 39%

This is one thing I will never understand about Indonesia and that is that they import oil from other countries.

They have massive sources of oil and gas off the coast of north Sumatra and enough not to have to import petroleum products. But they do. Indonesia, the second-smallest producer in the Organization of Petroleum Exporting Countries, said crude imports rose 39 percent in June from a month earlier.

Imports jumped to 382,000 barrels a day from 275,000 barrels a day in May according to data from the ministry of energy and mineral resources. Crude exports rose 38 percent to 369,000 barrels a day in June from 267,200 barrels a day in May. The ministry didn't give a reason for the increases.

June is the second month this year that Indonesia, Southeast Asia's biggest crude oil producer, was a net oil importer. The country imported more oil than it exported in five months last year.

That is what I like to see,, sense and sensibility in a government that increases the price of fuel to consumers when the country's natural resources are more than adequate to alleviate the increase.