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...
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