Middle East Economic Survey

VOL. XLIX

No 18

1-May-2006

CASPIAN

CPC Shareholders Appoint Russian As New General Director

Shareholders in the Caspian Pipeline Consortium (CPC) on 26 April appointed Vladimir Razdukhov, deputy general director of Russias state-owned Zarubezhneft, to the post of general director, replacing Ian MacDonald of Chevron. Mr Razdukhovs tenure will begin on 1 May and run for four years. His appointment follows demands by Russia that the post be awarded to its nominee and that...