OGJ NEWSLETTER

Turmoil in the former Soviet Union's petroleum industry seems to have no end, and there is no shortage of proposed solutions, including new approaches to foreign investment (see related story, p. 25). The best hope for recovery of the troubled energy industry in the former U.S.S.R. is to tough it out internally without depending on outside aid, contends East-West Center in a new study. The study suggests an economic shock scenario, involving increases in the consumer price of petroleum

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