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Indonesia's expanding oil appetite to benefit most tanker sizes, says Poten - TradeWinds

TradeWinds · last updated

Indonesia’s expanding oil appetite to benefit most tanker sizes, says Poten | TradeWinds

Declining oil production and rising economic growth will make Indonesia increasingly important for the international tanker market, says US shipbroker Poten & Partners.

The largest country in South East Asia was once a major crude oil producer and exporter, but growing demand and declining production turned it into a net importer.

Crude production in Indonesia has been gradually declining since its peak of 1.67m

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