Word: subroto
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Dates: during 2000-2009
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...last week's meeting, amid acrimonious charges that some members were cheating the cartel by selling at cut-rate prices, OPEC's 13 members[*] tried desperately to halt the price slide. "Market stability is at the crossroads," admitted Subroto, Indonesia's Oil Minister and the current president of OPEC, at the start of the session. Yet the most that the ministers could agree on was minor adjustments like lowering OPEC's price for the heaviest grade of Saudi crude by a token 50?...
...until the fall the touchy matter of how much oil each producer could pump. In October the members agreed on an overall output ceiling of 16 million bbl. per day. Any new plan would reshuffle quotas within that limit, but several countries want their quotas increased. Said Subroto: "The potato was too hot to handle." The point is moot. As demand has dropped off, OPEC members now pump only about 14.5 million bbl. daily because that is all they can sell...
...Sultan's palace, landscaped with pools and pavilions and tended by a large retinue of servants. If there are any in Tembi opposed to the rule of its high-minded foreign potentate, they keep it to themselves. One of the company's foremen, a Tembi native called Daud Subroto, has worked for Purser for seven years. "Before, people in Tembi were only farmers. Now they have good jobs," he says...