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Show Corporation and Bolsheviki, to Split Profits Fifty Fifty i LONDON. May 2. ( Bv the Assori-1 ited Press.) A Klpiantic Industrial iBreement w;is signed on Sunday at I enos by representatives of the Rus-j iia.il Emvprnmpnl .-in.! Ihr. Rlir.ll Oil (rrotlp of companifK. telegraphs the Genoa Correspondent of the Evening News. I I '' 'or the agreement, he w rites, th Shell group will control all sales, and. under certain conditions, all produe--j tion of oil In every part of Russia I for an agreed period. The concee-j xion may be renewed by mutual pon-scnX. pon-scnX. SPLIT i rrTY-rirrY Rftj per cent of the net profits wilj be allotted to the Soviet govern-1 rrient. and the other pfty Per cent to1 the Shell group. The working of lh-oil lh-oil fl'.Ms will be administered by the i npai I os under the provisions of the, Russia Judicial code and the proviso' thai not more than 50 per cent of the workers employed shall h- foreigners. The correspondent understands that the Shell combine lu arranged to; apply the agreement almost to the; Caspian fields, taking charge of th-pipeline th-pipeline from Baku to Batum, and alsi to develop the vast potential, Held in Uralsk province. SIGNED m KRASSIN. !onld Krawiin. he Soviet minister; of uade. signed the agreement, says! ihr dispatch, only after on several oc-l casfons he had i:av;d the various groups against one another to obtain ; hetter offers for the priil K Th'-: fields nvolyod, next to those of the i'nited States, are the most proUfi.- in I the world. It is more than possible, ad, is the i orre- ix ndent, that dlfflculi tompllca-libn's tompllca-libn's ruav rpsult over the working of' Importanl areas in which the stand-' ar.i mi eompsfny had concessions prior to the Soviet nationalizullpn of tle, fli Ids. REPORT DENIED. i m ... 'Dir. fJennn cur-i ur..'i. ..i.i . ...v. resp'onden of the London Syenlng N'cWs, in a dispajtch to his paper this; afternoon, quotes Colonel Boyle, repre-l ,-jit in lt tin- Sliell Soup of UnM.-h oil companies and Royal Dutch interests heir- as denying that nfi Industrial agreement ,was signed Sundav between thi n interests and the Russian Soviet government as had been reported. Renter's correspondent here sa s the Russian delegation to the economic eco-nomic conference also flatly denied having made any concession to the. Shell Interests. j |