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Indonesia March crude exports fall 14 pct

Written by: Staff
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JAKARTA, Apr 11 (Reuters) Indonesia's crude oil exports fell by 14.1 percent to 314,400 barrels per day (bpd) in March from 366,000 bpd in February, while imports were down by 21.8 percent to 130,300 bpd, a Mines and Energy Ministry official said on Tuesday.

Indonesia, the Asia-Pacific's only OPEC member, imported 166,600 bpd in February.

''Production has been slowed, which explains the decline in crude exports,'' the official said.

Indonesia's state-owned oil and gas company PT Pertamina had an unscheduled shutdown at its Balongan refinery on March 17 and restarted it on March 22.

Crude imports were cut back sharply in the second half of 2005 as Jakarta moved to use more of its own crude domestically.

Indonesia imports crude oil for its refineries but exports slightly more, effectively trading its domestic production for crude more suitable to its plants.

Following are Indonesian crude oil import and export volumes, measured in barrels per day: Month Exports Imports 2006 February 366,000 166,600 January 322,600 234,400 2005 December 443,800 276,700 November 392,400 278,900 October 361,000 302,000 September 341,000 200,000 August 354,000 399,000 July 345,000 273,000 June 346,000 392,000 May 305,000 442,000 April 357,000 412,000 March 442,000 369,000 February 426,000 332,000 January 383,000 420,000 2004 (daily avg) 412,000 386,000 REUTERS PV RK1132

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