RUSSIAN OIL PRODUCTION STILL SLIDING

Russian oil production continued its steep long term decline during first quarter 1993. However, complaints voiced by oil industry leaders during recent Moscow conferences spawned favorable government action. President Boris Yeltsin, who faces a nationwide vote of confidence in an Apr. 25 referendum, has freed oil and gas enterprises, exploration ventures, and refineries from mandatory sale of half of their hard currency earnings to the state. The concession followed a decree exempting

Apr 19th, 1993
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