VOL.XXXIXNo. 6416-December-1996FSU

CaspianPipeline Consortium Finalizes Company StructureThe 13 members of the Caspian Pipeline Consortium (CPC) signed in Moscow on 6 December a final document formalizing the structure of the company. Ten oil companies will provide 100% of the equity capital in return for 50% of the shares. The governments of Russia, Kazakstan and Oman will hold the other50%. Actual share distribution will take place in February.Numerous decisions have yet to be made before...