VOL. XXXIX

No. 25

18-March-1996

OMAN

Oman To Reduce Stake In Caspian Pipeline

Tortuous negotiations are currently underway to restructure the troubled Caspian Pipeline Consortium (CPC) in order to allow for the entry of new investors. To this end, the original participants - the governments of Russia, Kazakhstan and Oman, each with a one-third interest - are reported to have agreed in the course of negotiations in Moscow in early March to reduce their collective stake to around 50% from...