RUSSIA'S PETROLEUM INDUSTRY TO SEE FURTHER DETERIORATION THIS YEAR

All sectors of Russia's petroleum industry will experience further setbacks in 1993, says a detailed assessment made by two of the nation's leading economists. Writing in the Moscow business daily Delovoi Mir, Aleksandr Frenkel and Valery Galitsky forecast a decline in Russian crude and condensate production from about 7.85 million b/d in 1992 to 6.79 million b/d this year. They expect crude flow to fall to 6.6 million b/d from 7.66 million b/d, with condensate production holding about

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