international magazine
10 / 2004


RUSSIAN CRUDE ENTERED THE CPC



Russian company Naftatrans entered the systems of the Caspian Pipeline Consortium (CPC) on 9 November, pioneering the start of Russian exports to this destination. Official sources named Russian producer Surgutneftegaz as the owner of crude, but the industry insiders insisted that crude was owned by Russia's pipeline operator Transneft and was supplied by Russia's battered giant Yukos as payment for the pipeline shipments.