VOL. XLII

No. 12

22-March-1999

FSU

Caspian Main Export Pipeline Could Be Years Away

Mr. David Woodward, President of the AzerbaijanInternational Operating Company (AIOC), said in Baku on 17 March that it may beyears before a Caspian Main Export Pipeline (MEP) will become necessary."I think that the original projections of production from Azerbaijan andthe timing of a MEP were unrealistic," Mr. Woodward said. "I think wewill see a slower pace of production build up than was previously envisaged. My...