Indonesia, the only OPEC member in Southeast Asia, may leave the group as early as next year because shrinking production has made the country a net importer of oil.
"We are now studying the option," Energy Minister Puromo Yusgiantoro told reporters in Jakarta today. The government may leave the Organization of Petroleum Exporting Countries in 2009 because it has paid its membership fee for this year, he said.

Indonesia has been weighing leaving the body since at least 2005 as output at aging wells declined and investment in exploration slowed. ... Read full article