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RUSSIA: JOINT VENTURE CONSTRUCTION CONTRACT AWARD FOR PLANNED $360,000,000 OIL EXPORT TERMINAL, BOUYGUES OFFSHORE [FRANCE], KUBANNEFTEGASTROI & STAVROPOLTRUBOPROVODSTROI [RUSSIA] - Order #: 048599.
WWP-Business Opportunities in Eastern Europe & the CIS, April, 1999
PROJECT OVERVIEW: The CASPIAN PIPELINE CONSORTIUM recently awarded an oil terminal construction contract to a French/Russian joint venture. The partners in the planned undertaking include France-based BOUYGUES OFFSHORE, a subsidiary of the BOUYGUES CONSTRUCTION GROUP, in conjunction with the local STAVROPOLTRUBOPROVODSTROI and KUBANNEFTEGASTROI. According to the terms of the collaborative agreement, BOUYGUES will hold a 30% stake in the venture. Under the terms of the award, the partnership will be responsible for building an export terminal to be sited at Novorrossisk on the Black Sea. The planned terminal is to serve as an outlet for oil coming from Kazakhstan, which will be brought to it through Russia by the consortium's pipeline. The cost of the planned...
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