24 APRIL 1995
Russian Banks May Contribute Financing For Troubled CPC Pipeline
Russia's Minister for Fuel and Energy, Mr. Yuri Shafranik, said in Moscow on18 April that Russia's two largest commercial banks may participate in financinga $1.2bn crude oil pipeline planned by the Caspian Pipeline Consortium (CPC).Mr. Shafranik said that talks are underway with Inkombank and Imperial Bankconcerning the construction of a 2,000 kms. pipeline that would carry crude oilfrom...