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Soviet official reports progress for joint ventures. (Edouard Griaznov, Soviet Ministry of Geology; petroleum industry)
The Oil Daily
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March 7, 1991|
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COPYRIGHT 1991 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Soviet Official Reports Progress For Joint Ventures
WASHINGTON -- Outside oil and gas investors can draw some consolation from government reforms currently under way in the Soviet Union, according to a top geology ministry official from there.
Edouard Griaznov, special assistant to the Soviet Minister of Geology, said Wednesday that as of Dec. 31, 1990, individuals as well as companies can be joint venture participants.
A requirement that the minimum Soviet stake in such joint ventures be 51 percent also was removed at that time, with partnership ...
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