For Immediate Release
Office of the Press Secretary
November 28, 2001
President's Statement on Caspian Pipeline Consortium
Statement by the President
I congratulate Russia, Kazakhstan, and Oman, and their consortium
partners, for the commissioning of the Caspian Pipeline Consortium
(CPC). U.S. firms, notably ChevronTexaco and ExxonMobil,
have played leading roles in this project. These facilities
represent the culmination of years of effort. They are
examples to the world that the United States, Russia, and Kazakhstan
are cooperating to build prosperity and stability in this part of the
world.
The CPC highlights the important progress by countries in the
Caspian region in building a transparent and stable environment for
international trade and investment. The CPC project also
advances my Administrations National Energy Policy by developing a
network of multiple Caspian pipelines that also includes the
Baku-Tbilisi-Ceyhan, Baku-Supsa, and Baku-Novorossiysk oil pipelines
and the Baku-Tbilisi-Erzurum gas pipeline. These projects
will help diversify U.S. energy supply and enhance our energy security,
while supporting global economic growth.
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