VOL. XLII

No. 06

8-February-1999

FSU

CPC Winds Up Land Acquisition Agreements For Pipeline

The Caspian Pipeline Consortium (CPC) announced on 1February that it had concluded agreements to acquire rights to the land inRussia through which its pipeline will run. The agreements involve the paymentof $22mn in Russian roubles to 300 individuals and entities in the Astrakhan,Kalmykia, Stavropol and Krasnodar regions. Delays in securing right-of-waypermits for the pipeline from local governments as well...