CANADIAN, U.S. FIRMS FORM SOVIET VENTURES

More western companies are increasing their involvement in the Soviet petroleum industry. Among recent developments: PanCanadian Petroleum Ltd., Calgary, unveiled a new joint venture with Canadian Fracmaster Ltd., also of Calgary, which already has production operations under way in Siberia. Fairfield Industries Inc., Houston, is preparing to register its second joint venture in Yakutsk autonomous republic. The new Samotlor PanCanadian Fracmaster Services venture involves 25% participation by

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