JAKARTA. Dec 11: Indonesia. a member of the OPEC, would not ask for increasing its petroleum production quota from the organization, a senior official said nere today, reports Xinhua.

We will not ask yet (for increasing the oil production §uota) as we think the current gure is enough to make oil price in. international market become stable," Minister of Mine and Energy Soesilo Bambang Yudhoyono said.

Oil price,in International market, he said, could always W c|, -d down.

"But the current rate which have been fluctuated between 23 US dollars to 25 US dollars per barrel seems make a sense." he said.

The country’s oil production c|uota is 1.1 million barrels a

He added that rate of the current oil price could hold out at least until March 2000 as OPEC (Organization Petroleum Exporters Countries) could be disciplined in maintaining their production level.

The minister also said that. OPEC members in the Middle East had agreed to maintain its quota for the next couples of time.

"I have met with them (the Middle East oil ministers) and they have the same view with us that the current oil production level is reasonable so that it should be defended to stabilise oil price in international market.1' Yudhoyono said.

But. however, he admitted that there would be a possibility for the increasing of oil production particularly from the OPEC countries.

"But I don't think that a such increment would be dramatic, but slightly very very slightly." he said.

’ Meanwhile. Minister of Finance Bambang Sudibyo earlier said the assumption of oil price in international market for the country's state budget April-December 2000 was between 16 to 19 US dollars per barrel.