The Russian Government has authorised the UK-Russian oil joint venture BALKAR-TRADING

From: Europe Energy | Date: February 24, 1995 | Copyright information

The Russian Government has authorised the UK-Russian oil joint venture BALKAR -TRADING to export eight million tonnes of crude oil in 1995-96. The authorisation was given in exchange for an interest-free loan of USD 150 million to rehabilitate a combine harvester factory in the Siberian city of Krasnoyarsk. The export arrangement was part of a deal reached earlier this month between US oil company MOBIL and the Russian Government. MOBIL s Ch...

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