Support The Moscow Times!

Caspian Group’s Borrowing

The Caspian Pipeline Consortium may borrow as much as $1 billion in 2012 or 2013 as it expands its oil export link across Russia to the Black Sea, said Alexander Tarakanov, the group’s head, Interfax reported.

The group may recoup a $4.6 billion investment in doubling the pipeline’s annual capacity to 67 million metric tons in 2018 or 2019, Tarakanov was quoted as saying. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.