RUSSIAN PETROLEUM INDUSTRY SAID TO BE STRUGGLING FOR SURVIVAL

Russia's fuel industry is struggling for survival, sector leaders told top government officials at a Moscow conference. High taxes and a continued decline in capital investment are undermining efforts to stem the nation's petroleum production slide, said Viktor Palei, general director of, western Siberia's Nizhnevartovsk Oil & Gas Association. Natural gas flow, which did not follow the sharp decline in Russian oil and coal production and refinery output during 1988-92, has slumped

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