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...
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