For Top Returns, Try Asia And Africa

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There are places where oil companies always seem to make lots of money, through good years and bad. And most of those places, it would seem, are in the Far East and Africa. While worldwide upstream earnings for most major oil companies weakened in 1994 in the face of falling crude prices, neither non-payment of bills by Nigeria nor heightened grousing about production terms in Malaysia and Indonesia prevented the big producers in those two regions from posting above-average profits -- far exceeding return on investment in all other areas.

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