Jockeying For Caspian Oil
The Clinton Administration is putting very heavy pressure on an oil consortium led by Amoco and British Petroleum to use pipeline routes that pass through the territories of both Georgia and Russia to handle the shipments from a $7 billion project in the Caspian Sea. Washington is worried that using only Russia would give Moscow too much future control over the vast oil reserves in the former Soviet republics near the Caspian. The decision on routes is expected to be made sometime in early October.
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