ABSTRACT
Indonesia was called "Organization of Petroleum Exporting Countries (OPEC's) quiet member" in a Far Eastern Economic Review article of 11 February 1974. It differs from most of the other OPEC members in several respects. The main difference between Indonesia and other OPEC countries has been the existence of Pertamina. Until the National Iranian Oil Company achieved full control of the oil operations in Iran in early 1973, Pertamina was the only state company in OPEC that owned all oil and gas reserves and the facilities for oil exploration, production, transportation, and domestic marketing, as well as a considerable part of the export facilities such as its own tanker fleet. The Indonesian government has been trying to obtain higher revenues to compensate at least in part for the Pertamina's debts. The companies claim that the revised agreements will slow down exploration.
