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CRUDE COMPETITION

Jul 30, 1998

Only one positive result came of last week's environmental protest outside the Lithuanian Embassy in Riga: the Latvian government was so embarrassed that it may now be diplomatically uncomfortable firmly opposing completion of the oil terminal at Butinge.Lithuania will benefit immensely from business through Butinge, in terms of hard cash and trading opportunities, both of which are urgently needed. By contrast, Latvia might suffer an immediate loss in cash, since some Russian oil may be redirec ...

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