PROFITS, PROGRESS ON SOVIET VENTURES OUTLINED

The Soviet Union has singled out Canadian Fracmaster Ltd., Calgary, for special praise regarding quick implementation of its joint venture with the U.S.S.R. and for demonstrating such enterprises can earn profits in a relatively short time. That stands in sharp contrast with the tentative agreement seen as the flagship of the foreign joint venture movement in the U.S.S.R., Chevron Corp.'s proposal to add supergiant Tengiz field to its Soviet venture, which has stalled amid controversy (OGJ,

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