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White Nights rebuts Pravda claims

Journal Article · · Oil and Gas Journal; (United States)
OSTI ID:5579618
This paper reports that another Russo-foreign joint venture under attack in the Moscow press has denied charges of impropriety and mismanagement in its operations. The White Nights joint venture last month came under scathing attack from Moscow newspaper Pravda, which alleged the venture has reneged on its promises, is virtually bankrupt, and mistreats Russian employees. White Nights is a joint venture owned 50% by Varyeganneftegaz (VNG), a Russian oil and gas enterprise, and 50% by Salomon Inc. unit Phibro Energy Inc., Greenwich, Conn., and Anglo-Suisse (U.S.S.R.) Ltd., a subsidiary of Anglo-Suisse Inc., Houston. The venture started operations Apr. 1, 1991, with a program of workovers, redevelopment, and horizontal wells in West Varyegan and Tagrinsk oil fields in western Siberia.
OSTI ID:
5579618
Journal Information:
Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:12; ISSN OIGJA; ISSN 0030-1388
Country of Publication:
United States
Language:
English