OGJ NEWSLETTER

The C.I.S. is poised for a huge financial boost the next few years, but can the system handle it? As much as $85 billion of foreign capital may be invested in C.I.S. oil, gas, and minerals projects under agreements signed between 1990 and early 1993, reports the United Nations Economic Commission for Europe, Geneva. Although spending will be spread over decades, the commission says investment the next 4 years could approach $10 billion, double foreign investment across all C.I.S. industries to