Middle East Economic Survey
VOL. LIII
No 35
30-Aug-2010
CASPIAN
CPC Considering Borrowing $1Bn For Pipeline Expansion
The Caspian Pipeline Consortium (CPC) CEO Aleksander Tarakanov announced on 24 August that an initial review of the consortiums capacity expansion plan, which is set to be finalized by 15 December, has indicated that CPC may need to borrow up to $1bn to fund the project. I believe that we wont go beyond $4.6bn [for the expansion cost], but we will know better by the end of the...
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