Middle East Economic Survey

VOL. XLIX

No 14

3-April-2006

CASPIAN

CPC Shareholders Concede To Russian Demand For Management Restructure

Shareholders in the Caspian Pipeline Consortium (CPC) have unanimously approved a restructuring of management for the groups two subsidiaries CPC-R and CPC-K, which manage the 1,580km crude oil pipeline in Russia and Kazakhstan respectively. Russias Interfax on 23 March said the new structure would come into effect on 1 May, with shareholders electing new officials...