Middle East Economic Survey

VOL. XLVIII

No 10

7-March-2005

CASPIAN

CPC Shareholders Agree To Tariff Hike, But Expansion Plan Unresolved

Shareholders in the Caspian Pipeline Consortium (CPC) on 1 March decided in the Kazakh capital Astana to increase the tariff for oil that is shipped through its 1,580km pipeline to $29.50/ton from the current $27/ton per 1,000km, effective in May, but failed to come to an agreement on a proposal to expand the pipelines throughput capacity from 560,000 b/d to 1.3mn...