SOVIET JOINT VENTURE PACE CONTINUES TO SIZZLE

Joint venture activity between western companies and Soviet partners in petroleum projects in the U.S.S.R. continues to accelerate. The latest ventures involve: Anglo-Suisse Inc. (ASI), Houston, reaching agreement with the U.S.S.R. Ministry of Oil & Gas Industry's Varyegan Oil & Gas Association (VOGA) to study feasibility of drilling a series of horizontal wells in western Siberia's West Varyegan and Tagrin oil fields.

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