NO. 7



USSR Offers Less Volume to Term Customers in 1991

The Soviet Union has signed 1991 crude oil export contracts with fourcustomer countries so far with a total volume of 580,000 b/d. The volumes agreedupon are far less than supplied in previous years to these traditional customersbecause of mounting problems with the oil industry at home in the USSR. A newelement introduced into the 1991 contracts is payment for the oil in hardcurrency, although barter...