CPC Pipeline Seeks to Borrow Up to $2 Billion, Vedomosti Says

Caspian Pipeline Consortium may get as much as $2 billion from banks to fund expansion, Vedomosti reported today, citing people it didn’t name.

OAO VTB, Russia’s state lender, will help to arrange the loan, it said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.