Economic problems threaten Sakhalin E&D

03/29/1999
The Economic & Social Research Council (ESRC), Swindon, U.K., says economic problems in Russia's far east threaten major oil and gas projects off Sakhalin Island. ESRC-sponsored research by Mi- chael Bradshaw of the U.K.'s University of Birmingham reportedly makes it "abundantly clear" that the region is unable to develop its huge resource potential to build an export-led economy. "The future of the planned oil and gas projects there is in doubt," said Bradshaw, "and the region's population is not willing to wait and see. People have been leaving in large numbers, and Moscow is now talking of evacuating entire regions and rationalizing the settlement systems in t...
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