MODEL RUSSIAN REPUBLIC OIL LAW TAKING SHAPE

The Russian republic and the University of Houston are making progress in drawing up model petroleum legislation for use in Russia as it seeks to attract foreign operators. Part of a draft underground resources code to be proposed in December in the republic's Supreme Soviet, it will be the basis for rewriting Russia's oil and gas law. Twelve Russian delegates arrived in Houston Oct. 27 for a 5 day session with U.S. legal specialists assisting in the drafting process.

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