Middle East Economic Survey

VOL. L

No 28

9-July-2007

CASPIAN

CPC Partners Fail To Agree On Transneft Proposals

A long-simmering dispute between Russia and its partners in the Caspian Pipeline Consortium (CPC) over the capacity expansion of the 1,580km pipeline appears to the coming to a head, with shareholders meeting in Moscow rejecting proposals from Russian pipeline monopoly Transneft, which manages Russias 24% of state-owned shares in the consortium. Unhappy with the CPCs rate of return on...