Middle East Economic Survey

VOL. L

No 19

7-May-2007

CASPIAN

Russias CPC Shares Transferred To Transneft

Russian President Vladimir Putin on 28 April signed a decree transferring Moscows 24% shareholding in the Caspian Pipeline Consortium (CPC) to pipeline monopoly Transneft. The proposal to transfer the shares, previously managed by Russias Federal Property Management Consortium, had been a controversial one for CPCs Western partners as it would diminish what independence the consortium had...