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DRESSER ANNOUNCES TWO VENTURES IN UZBEKISTAN AND RUSSIA

 DALLAS, April 1 /PRNewswire/ -- Dresser Industries, Inc. (NYSE: DI) Chairman and Chief Executive Officer John J. Murphy announced today new projects in two of the former republics of the Soviet Union, Uzbekistan and Russia.
 In Uzbekistan, the company has signed a letter of intent with the Uzbekneftegas Corporation to design and build a gas injection condensate recovery project. The cost of the project is expected to be $200 million for equipment and services. Dresser's subsidiary, M.W. Kellogg, will provide the engineering and construction services for the project, which is connected to the Kokdumalak field. A final agreement is subject to securing suitable financing.
 In Russia, Dresser has agreed to a contract joint venture with Gazprom to develop the Kivorsky Zavod manufacturing facility in St. Petersburg. The facility, which formerly produced equipment for the Soviet military, will be converted to manufacture turbine compressor sets for use in oil and gas pipeline transmission. Dresser, through its subsidiaries, will supply technical assistance and critical components.
 Murphy noted, "We are pleased to have been chosen to participate in the development of the Kokdumalak project and the conversion of the Kivorsky Zavod factory in the former CIS republics of Uzbekistan and Russia. There is evidence in both countries of significant and progressive restructuring in the industrial sector."
 Murphy also observed, "In addition, state-of-the-art production facilities formerly dedicated to military use are now becoming available for general industrial purposes. These facilities offer significant opportunities for the timely development of productive manufacturing capacity to meet the significant infrastructure needs of the country."
 Headquartered in Dallas, Dresser is a leading supplier of highly engineered products and services utilized in hydrocarbon energy-related activities throughout the world.
 -0- 4/1/93
 /CONTACT: Donald R. Galletly of Dresser, 214-740-6757/
 (DI)


CO: Dresser Industries, Inc. ST: Texas IN: SU:

GK -- NY112 -- 2231 04/01/93 16:53 EST
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Date:Apr 1, 1993
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