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. Last Updated: 07/27/2016

05/29/1992

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Big Vostok oil project under threat

A large oil and gas development project in the Russian Far East region of Yakutia is to be halted following a Russian investigation of the American and Japanese contractors. A project agreement was signed in December by Far East Energy Inc. of the United States and Tokyo Boeki Development Ltd. of Japan with the government of the Republic of Sakha, as Yakutia is now known. Known as the Vostok (Russian for ""East"") project, the agreement called for an initial feasibility study of pipelines to carry oil to a port on the Pacific coast of Russia, and gas to Korea and southern Japan. The feasibility study was costed at $30 million. Annual production was projected at 15 million tons of oil and 30 billion cubic meters of gas. Yakutia's current proven reserves are over 300 million tons of oil and ""about 1 trillion cubic meters of gas. Advisers to the Yakut government estimate that exploration could raise these figures more than threefold.

U. S. charity funds surgery for 2-year-old

Nikita Mitriayev, the Russian two-year-old who won the hearts of Moscow's foreign community, is expected to get life-saving cardiac ; urgery in the United States this summer. Healing the Children - an Eau Claire, Wisconsin, charity - will pay or Nikita's transportation and medical expenses. Surgeons at the University of Wisconsin Hospital have waived fees amounting to about $50, 000 to correct the child's birth defect, a cardiac malformation in which only three of the heart's four chambers function normally. Doctors say that without surgery, children with this condition have a life expectancy of about five years. ""I feel very optimistic"", said Lena Mitriayeva, the toddler's mother. ""It's the answer to all our prayers"". Nikita was the focus of the Mad Hatter's Ball, an event sponsored by the Moscow Children's Foundation last October that raised $2, 700.
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