CASPIAN PIPELINE COMBINE AWARDS CONSTRUCTION CONTRACT

The Caspian Pipeline Consortium (CPC) has let contract to Overseas Bechtel Inc. for a 500 mile crude oil export pipeline in Russia. Bechtel will provide engineering, procurement, financing, and construction services and serve as project manager for the 42 in. line that will extend west from Grozny, near the Caspian Sea, to Novorossiisk, on the Black Sea. Estimated cost is more than $850 million. At Grozny, the new line will tie into 800 miles of existing pipeline that runs along the north

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