Indonesia Posts Surprise Trade Deficit of $318M

Indonesia Posts Surprise Trade Deficit of $318M

Assessment

Interactive Video

Business, Architecture

University

Hard

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The video discusses Indonesia's trade balance, which shifted from a $50 million surplus to a $318.1 million deficit, primarily due to an $800 million deficit in the oil and gas sector. The non-oil and gas sector showed a surplus. The Central Statistics Agency reported a rise in exports and imports, leading to a $1.4 billion deficit for the January-August 2014 period. Barclays economists attributed the deficit to increased import growth. Additionally, Pertamina confirmed a deal to acquire a 330% stake in Murphy's Oil assets in Malaysia for $2 billion, with the transaction supporting Murphy's overseas expansion and drilling activities.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What significant energy deal was confirmed involving Pertamina?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the production rate of Murphy's asset in Malaysia?

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