DEMINEX, OMV JOIN JOINT VENTURE MOVEMENT IN U.S.S.R.

West Germany's Deminex and Austria's OMV AG have joined the industry movement to upstream ventures in the Soviet Union. Deminex signed a heads of agreement with the Soviet Ministry of Oil and Gas Industry to cooperate in exploration in three areas. And OMV started preliminary talks with the ministry to use western technology to develop an undisclosed oil field in Siberia.

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