ENERGY PRICES TO SOAR
IN CZECHOSLOVAKIAPRAGUE, Czechoslovakia - The Czechoslovakian government, acting under pressure from the International Monetary Fund, will double, and in some cases more than triple, consumer prices for energy.
Under the new pricing regulations, to take effect May 1, heating coal prices will increase more than 240 percent, while centrally generated heat will cost an average 342 percent more. The price of natural gas will rise 134 percent.
The new regulations do not affect gasoline and heating oil, which are subject to separate government controls.
ITALIAN OIL COMPANY
TO EXPLORE IN TUNISIA
Italy's state-controlled oil company Agip SPA Monday signed an exploration-production agreement with Tunisian national oil company Etap, the Italian state holding group Ente Nazionale Idrocarburi said.
The agreement covers the 1,125-square-mile offshore field of El Haouaria, near Cap Bon in Eastern Tunisia, ENI said.
The agreement is valid for eight years. It is divided into three phases, and allows production for 30 years.