ASSESSMENTS
Russia: A Firmer Grasp on the Caspian Pipeline Consortium
Apr 30, 2009 | 21:15 GMT
Alexander Aleshkin/Epsilon/Getty Images
Summary
Russia is on the cusp of acquiring BP's stake in the Caspian Pipeline Consortium pipeline, which would give Moscow majority ownership of a vital energy asset. This shows that Russia is actively pursuing consolidation in the energy sector and working to make Europe's plans to diversify away from Russian energy all the more difficult.
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