VOL. XLIV

No. 24

11-June-2001

CASPIAN

CPC Defends Pipeline Project Against Transneft Charges

Sergey Gnatchenko, General Director of the Caspian Pipeline Consortium (CPC), issued a statement on 1 June in response to charges made by Semyon Vainshtock, President of the Russian crude transport monopoly Transneft, concerning the CPC pipeline, which is due to begin operation this summer. In a letter to the Russian Government, Mr Vainshtock said that once the CPC line is commissioned the volume of...