PACIFIC WATCH
Times staff and wire reports
INDONESIA: Indonesia is benefiting from the Persian Gulf crisis, if its soaring oil exports are an indication. The nation exported $1.31 billion in oil and gas in November, up a whopping 85% from a year earlier. Its exports for the month, including oil and gas, reached $2.63 billion, providing a trade surplus of $317 million. The price of oil surged after Iraq invaded Kuwait last August. Oil and gas accounted for 40% of Indonesia’s export earnings in 1990.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
