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Russia eyeing Oman's stake in CPC
RBC, 05.09.2008, Moscow 18:19:56.Russia has informed Oman that it is ready to buy out the latter country's stake in the Caspian Pipeline Consortium (CPC), Russia's Deputy Energy Minister Stanislav Svetlitsky told journalists today. Russia accepted Oman's offer for the entire 7-percent stake it currently holds in CPC, the official specified. At the same time, he said that Kazakhstan, which shared a preemptive right for the stake with Russia, remained interested in acquiring the shares. The final decision on the distribution of the stake has yet to be made, Svetlitsky pointed out. He added that, among other options, Russia and Kazakhstan might buy out 4 percent and 3 percent of the shares, respectively.
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