PACIFIC WATCH
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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.
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