VOL.XXXIXNo. 6125-November-1996FSU

CaspianPipeline Consortium Reaches Agreement The Caspian Pipeline Consortium (CPC) has reachedan agreement on the formation of the companyand the distribution of shares, clearing theway for the construction of a 1,500-km. crude oilexport pipeline stretching from Kazakstan's western Tengiz oilfield to export facilities to be constructed near Russia'seastern Black Sea port of Novorossysk. A protocol was signed by the concernedparties in Moscow on 16...