OIL IN NEW GUINEA
The growing interest in New Guinea is a result of the decline of oil production at Balik Papau in Dutch Borneo. The new Netherlands New Guinea Company in whiah the Standard and Royal Dutch Companies are interested has a capital of Fls. 1,000,000, of which 40 per cent, is owned by the Standard of New Jersey, and 20 per cent, by the Standard of California. Management will be in the hands of the Royal Dutch-Shell, which owns' the remaining 40 per cent, of capital.
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https://paperspast.natlib.govt.nz/newspapers/EP19341018.2.135.3
Bibliographic details
Evening Post, Volume CXVIII, Issue 94, 18 October 1934, Page 16
Word Count
88OIL IN NEW GUINEA Evening Post, Volume CXVIII, Issue 94, 18 October 1934, Page 16
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