Indonesia to Acquire Oil Reserves in Venezuela With Harvest Deal

Indonesia to Acquire Oil Reserves in Venezuela With Harvest Deal

Dadang Tri/Bloomberg

Indonesia, which was in OPEC with Venezuela until three years ago when it began importing more oil than it exported and left the cartel, has been looking for a way to get involved in the South American country to tap reserves in the Orinoco heavy crude belt, Russell Dallen, head bond trader at Caracas Capital Markets in Miami, said in an e-mailed response to questions.