C.I.S. JOINT VENTURES SHOW PROGRESS

Upstream joint ventures in the Commonwealth of Independent States are booking changes, and the steady stream of new exploration and development ventures continues. The five company group studying development of reserves off Sakhalin Island has delivered a feasibility study to the Russian government, and a Saudi Arabian company has purchased a Russian company with interests in oil and gas acreage on Sakhalin Island. Meantime, Global Natural Resources Inc., Houston, is moving ahead with its joint

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