MORE UPSTREAM VENTURES ADVANCE IN FORMER U.S.S.R.
The former Soviet Union continues to attract new foreign players to the oil and gas industry despite lack of a clear legal and regulatory framework. Here's a roundup of recent developments: Enron Corp. and R.A.O. Gazprom teamed up to develop new markets for Russian gas in Europe's growing power generation sector. Overseas Private Investment Corp. (OPIC) agreed to provide backing for Texaco International Operations Inc.'s Sutormin oil field project in western Siberia. Two U.K.