VOL. XLV

No 27

8-July-2002

CASPIAN

CPC Granted Marine TerminalLicense

Russia痴 Ministry of Transportation on 14 June awarded the CaspianPipeline Consortium (CPC) an operating license to conduct all loading andunloading activities at the CPC痴 marine terminal at the Black Seaport of Novorossysk. The license is renewable every five years and was grantedwithout any limitations, allowing CPC to increase crude oil exports for bothRussian and Kazak crude, a statement released by CPC on 1 July said. The...