VOL. XLV
No 48
2-December-2002
CASPIAN
CPC Seeks To Avoid Being Declared A Natural Monopoly
Russias Federal Energy Commission (FEC) is considering whether to declare the Caspian Pipeline Consortium (CPC) crude pipeline a natural monopoly, a move that would bring the 1,560km pipeline under Russian control and contravene the original 1997 agreement that created the consortium. Declaring the CPC pipeline a natural monopoly would allow Russia to boost tariffs at its discretion and thus protect...
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