Caspian Pipeline Consortium (CPC) by buying out BP’s stake. Operated by US oil major Chevron, the CPC line delivers Kazakh crude oil to a Russian Black Sea port for shipment overseas. Its other shareholders include BP, Rosneft, Shell, Eni, BG Group and Kazakhstan’s KazMunaiGaz. The Russians and the Kazakhs want to push out…
RUSSIA: Lukoil seeks to boost CPC pipeline stake at BP’s expense
Posted on December 21, 2008 by EnergyAsia