Purnomo Yusgiantoro Increase Quotations

We are meeting in September and we are ready to increase production if it is necessary with immediate additional production between 1 million and 1.5 million bpd,

Our decision is in place, up until now we will still increase by 500,000 barrels a day from August. This decision is still valid.

The ministers noted that current high oil prices are the result of a combination of many factors, ... Principal among them are gasoline bottlenecks in some regions of the world, increased geopolitical tensions in some regions, speculation in the futures market and recent upward revisions in global demand. These factors were analyzed with a view toward finding a solution to the problem.