RUSSIAN PRODUCTION UNIT TO GO PUBLIC

Russia's Surgutneftegas Oil Production Association is moving to become a publicly owned stock company and a "profit centered" international oil company. To that end it has named Daiwa Europe Ltd., London, its lead international financial adviser. Daiwa said restructuring of Surgutneftegas, largest of the former Soviet Union's oil production units, is the first order of business. Other responsibilities for the London firm include advising on and arranging for investments in specific

Sep 28th, 1992
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