VOL. XLV

No 25

24-June-2002

CASPPIAN

Hurricane Terminates Agreement To Purchase CPC Shares

Canadas Hurricane Hydrocarbons announced on 13 June that it hadterminated an agreement with the Amoco Production Company, a subsidiary of BP,for the purchase of an interest in the Caspian Pipeline Consortium (CPC).Hurricane had agreed to pay $100mn for a 49.9% share of KazakstanPipeline Ventures (KPV), which holds a 1.75% share interest in the CPCpipeline. KPV is a joint venture between Amoco and the Kazak...