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From Times Staff and Wire Reports
Pennzoil in Joint Russian Enterprise: Pennzoil Co. announced a joint enterprise to develop an oil field in western Siberia in Russia. The joint enterprise, Siberian American Oil Co., will develop the West Mogotlorsk oil field in the Tyumen region. The field was discovered in 1986. The Russian partner in the joint enterprise is the Agansk Geological Enterprise, based in Novoagansk, Siberia, which will be the base of operations for the field.
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