|
|
- NEWSLETTERS
- MOBILE APPS
-
ADD TIME NEWS
Siberia: Sharing the Wealth
Japan's businessmen for years have been eager to offer their know-how and equipment to help Russia develop Siberia's great resources-at a profit, of course. The Soviets have sometimes seemed to encourage the Japanese, then back away. Last week 28 Russian economists and technicians went to Tokyo and sounded as if they actually meant business. Mikhail Nesterov, president of the Soviet Chamber of Commerce and head of the delegation, said, "Western Siberia has reserves of 40 billion tons of oil, 42 billion cubic meters of lumber, vast amounts of iron ore, coal and nonferrous metals, all waiting to be tapped." He invited the Japanese to suggest methods of tapping them all and sharing the wealth.
The Siberian offer was to Japanese businessmen the most exciting in a series of recent economic dealings with Russia. Only a few years ago, the Soviets were harshly imprisoning Japanese fishermen who came too close to Siberian shores. The Russians became friendlier in 1963, when their troubles with China increased. The fishermen were freed, and goodwill and trade delegations were sent to Japan. A Pacific-fisheries agreement followed. In the past two months, the Russians and Japanese have signed a commercial air agreement and a new fiveyear, $2.1 billion trade agreement.
In their new offers last week, the Russians suggested:
> Participation by the Japanese in development of the western Siberian oilfields, which are expected to become Russia's biggest producers. The Russians will need 4,338 miles of 48-in. pipe to run from the fields to the port of Nakhodka, plus 500 miles of 28-in. pipe for branch lines, as well as other equipment. They would pay the Japanese for the pipe and equipment in oil, beginning in about 1975, when production would presumably rise above local needs.
> Purchase of huge Japanese bulk carriers of oil and ore if the Japanese buy the oil and ore that the ships would carry.
> Interest in buying Japanese cargo-loading equipment, warehouses, tugboats and icebreakers for a $111 million program to improve the harbors of Nakhodka, Vladivostok, Vanino and Mago.
> Purchase of Japanese lumbering machinery and equipment if the Japanese buy some of the lumber.
Most Popular »
- U.S. Companies Shut Out as Iraq Auctions Its Oil Fields
- Israel vs. Hizballah: Drumbeats of War
- Agent Orange Continues to Poison New Generations in Vietnam
- The Sean Goldman Controversy: Memories of Elián González
- The Pentagon Prepares for a Missile Attack from 'Iran'
- The Reasons Behind Big Oil Declining Iraq's Riches
- Study: TV May Perpetuate Race Bias
- Macau at 10: Can Asia's Gambling Mecca Industry Stay on Its Hot Streak?
- How Las Vegas' Opulent CityCenter Survived Dubai
- The Danger of Doing Business in Russia
- U.S. Companies Shut Out as Iraq Auctions Its Oil Fields
- Autism Numbers Are Rising. The Question is Why?
- How Las Vegas' Opulent CityCenter Survived Dubai
- Study: TV May Perpetuate Race Bias
- Detroit's Last White City Council Member
- New Evidence That Early Therapy Helps Autistic Kids
- Parents' Sex Talk with Kids: Too Little, Too Late
- America's Most Wanted Teenage Bandit
- Agent Orange Continues to Poison New Generations in Vietnam
- The Pentagon Prepares for a Missile Attack from 'Iran'





RSS