VOL. XLI

No. 48

30-November-1998

FSU

CPC Moves From Design Phase Into Construction

Members of the Caspian Pipeline Consortium (CPC) on 24 November signedin Moscow a document marking the end of the design phase and the start of construction ona 1,580-km. crude oil pipeline that will run from Kazakstans Tengiz oilfield to theRussian Black Sea port of Novorossysk. Construction is due to begin on 1 January 1999, andcontracts for construction materials and tenders are to be signed within coming...