HANDFUL OF C.I.S. JOINT VENTURES ON STREAM AMID LEGAL CHAOS

A handful of upstream oil and gas joint ventures (JVs) with foreign partners has begun field operations in the Commonwealth of Independent States. But continuing legal chaos in Russia, the C.I.S. republic with the most petroleum reserves and potential, is causing confusion among partners in active projects as well as among prospective investors. Partners in JVs registered before last Jan. 1, several of which are producing oil, cried foul after Russian officials this year issued a series of

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