VOL. XLI

No. 06

9-February-1998

FSU

Western Members Of CPC Withhold Funding, Citing Management Faults By Russians

The western members of the Caspian Pipeline Consortium (CPC) have withheld funding fromthe company for 1998. The western companies, including Chevron and Mobil, have citedproblems with the consortium's Russian management which has failed to meet last year'stargets, particularly securing rights-of-way as well as permits from the federal and localgovernments. Talks are now reportedly...