Indonesia, Iran to Sign
Countertrade PactJAKARTA, Indonesia - Indonesia will import Iranian crude oil in exchange for Indonesian non-oil products including rubber and tea under a countertrade agreement to be signed today, Indonesian Minister of Trade Rachmat Saleh said.
According to press reports, Iran has offered to sell Indonesia a type of crude oil that Indonesia had been imported from Saudi Arabia for processing into fuel oil and lubricants.
Mr. Saleh did not specify if Indonesia planned to divide its crude imports between Iran and Saudi Arabia, or how much would be imported from the two sources.
Indonesia is a net oil exporter, and has been heavily dependent on oil revenue.
Enron Unit Gets OK
For Pipeline Expansion
HOUSTON - Enron Corp. said its Florida Gas Transmission Co. subsidiary received approval from the Federal Energy Regulatory Commission to expand the capacity of its pipeline system linking Baton Rouge, La., and Miami by 100 million cubic feet a day.
The $28.4 million expansion project will bring Florida gas capacity to 825 million cubic feet of gas a day.
Amoco Oil to Install
Electronic Data System
CHICAGO - Amoco Oil Co. said it will install an electronic data system to process marketing information and credit sales at nearly 4,000 of the company's direct lessee-dealer operations in 1987 and 1988.
The new Amoco system, called ESP (for electronic sales processor), will use electronic cash registers and underground gasoline tank monitors in link with JCPenny's telecommunications system.
Amoco also announced agreements with two subsidiaries of J.C. Penney Co. to facilitate the system.