VOL. XXXIX

No. 2

9-October-1995

FSU

Troubled CPC Pipeline Snagged By Financing And Throughput Guarantees

Plans by the Caspian Pipeline Consortium (CPC) to build a crude oil pipeline across southern Russia appear to have been effectively placed on hold due to the failure by the partners to provide either throughput or financing guarantees to one another. CPC partners Russia and Kazakhstan were to provide the consortium's third member, the Oman Oil Company (OOC), with guarantees to...