Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

CASPIAN

Russia Sets New Demand For CPC Pipeline Expansion

Russia has presented fellow shareholders in the Caspian Pipeline Consortium (CPC) with a new demand to be met before it will endorse expanding the capacity of the CPC pipeline. Through its monopoly pipeline operator Transneft, Moscow has told its partners in the consortium that the group must back the proposed Burgas-Alexandroupolis crude oil pipeline that will serve as a by-pass...