GHK JOINT VENTURE TO FORM RUSSIA'S FIRST INTEGRATED FIRM

Russian entities and GHK Co., Oklahoma City, have signed a joint venture agreement that will lead to Russia's first integrated oil and gas company. The agreement is among GHK and Russia's Samara province, Kuibyshevneft, and LogoVAZ. GHK is an independent oil and gas operator, Kuibyshevneft is Samara's oil and gas production company, and LogoVAZ, Moscow, is a private trading, banking, and real estate affiliate of the VAZ automobile company, Tagliatti, Russia.

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