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MOSCOW () -- Ten of Russia's largest oil companies have agreed to set up the Union of Russian Oil Exporters, which would help enterprises pursue a common pricing policy on the international market, Itar-Tass said Tuesday.
The agency said the union's members, whom it did not name, will hold a founding meeting Nov. 1. The new alliance is said to allow oil exporters to consolidate their financial resources and expand on the international market.
Oil Union Planned
26 October 1994
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