VOL. XLVI

No 48

1-December-2003

CASPIAN

CPC Signs Transportation Agreement With KalmTEK

The Caspian Pipeline Consortium (CPC) announced on 20 November that it had signed an agreement with the Russian state-owned investment company KalmTEK to transport 300,000 tons/year (6,000 b/d) of Russian crude produced in the southern Republic of Kalmykia beginning on 1 June 2004 (MEES, 27 October). CPC General Director Ian MacDonald said that the CPC pipeline would be able to carry more Kalmykia crude if CPC...