Golden potential for Latvia's offshore oil fields

Sep 02, 2004
From wire reports

RIGA - Now that market prices are at 20-year highs, several foreign investors have shown serious interest in oil exploration and extraction in Latvia's coastal region, a government official said last week.Though she couldn't name the investors, Maija Vimba of the Economy Ministry said that one of the companies was from the United States and would arrive this week in Riga to speak about oil extraction possibilities in Latvia's territorial waters. She stressed that growing oil prices - and the bel ...

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