Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

CASPIAN

CPC Pipeline Reports Drop In December Crude Oil Transport From November Record

The Caspian Pipeline Consortium (CPC) says shipments during December 2005 averaged 657,675 b/d (2.6mn tons), a decline from the record throughput of 733,000 b/d for November last year. Despite the obvious need for the 1,580km pipeline to be expanded in light of burgeoning production in the Caspian region, there is no sign of Russia, the lead shareholder,...