VOL. XXXIV

NO. 22

4-MARCH-1991

Supply/Demand

USSR Allocates Extra Funds to Ailing Petroleum Industry

An extraordinary meeting of the Soviet Council of Ministers, headed byPresident Mikhail Gorbachev, agreed last week to allocate emergency fundstotaling Rb25bn ($45bn) to finance new investments (presumably includingprojects by foreign oil firms), maintenance and overhaul work in the oilfields.Furthermore, the government agreed to demands by oil workers' associations thatthey retain more of their...