Middle East Economic Survey


No 39



BP Plans Exit From CPC Pipeline

BP is considering two options for disposing of its interest in the Caspian Pipeline Consortium (CPC) that controls and operates the Tengiz-Novorossiysk oil pipeline, Dow Jones reported on 23 September. CPC is Kazakhstans main export pipeline, carrying 85-90% of its crude oil exports. While BP does not export any of its crude through CPC, it holds 6.625% of equity through its 46% interest in the LukArco...