RUSSIAN OIL OUTLOOK GROWS GLOOMIER

The Russian petroleum industry's plight has been described in a detailed, extremely pessimistic new forecast of oil production during the rest of the 1990s. Viktor Orlov, chairman of the Russian Federation's Committee for Geology and Use of Underground Resources, flatly says the nation's crude and condensate production will never again reach the record level of close to 11.4 million b/d reported for 1987 and 1988.

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