Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

CASPIAN

Tengizchevroil To Export Oil Via Caucasus Rail Route

Tengizchevroil (TCO) on 22 November announced that it had awarded contracts for the expansion of rail facilities that would allow it to export crude via a southern route. TCO said the move had become necessary as the Caspian Pipeline Consortium (CPC) system, through which TCO exports all its crude, would not be able to accommodate an increase in production at the Tengiz...