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Offshore oil boom fuels Indonesia’s economy surge
Indonesia’s oil boom expands under President Suharto with offshore wells, foreign firms and Pertamina's shared output model. Companies like Atlantic Richfield and Shell move into Sumatra to West Irian, drawn by profit sharing while Pertamina builds a modern oil center and hospital in Jakarta. The note also reports Carpenters union talks in Manchester, New Hampshire, amid a looming strike.
MENTIONED IN THIS ARTICLE
Joseph Galloway
Jakarta
UPI
Alaska
Indonesia
Natomas
Singapore
Suharto
Ibbu Sutowo
Pertamina
Sumatra
Borneo
Java
Sulawesi
West Irian
New Guinea
Atlantic Richfield
Cities Service
Phillips Petroleum
Shell Oil
Gulf Oil
British Petroleum
Union Oil
Mobil Oil
Japex
Sukarno
Sutowo
Japan
Southeast Asia
Australia
United States
Philippines
International School of
Batam Island
Manchester
N.H