April 11, 2002 - 22:58 AMT
MOSCOW DOES NOT SEE EXPEDIENCY OF BAKU-JEYHAN PROJECT
Russian Vice-President Victor Khristenko has stated Moscow does not see economic expediency of the project of Baku-Jeyhan gas pipeline construction. He has noted that the issue on Russian «Lookoil» company's participation or abstention from participation in the realization of this project does not depend on the position of the Russian government. According to the deputy head of the Russian government, the state has only 7.5% shares of this company so it is not able to influence the position of the rest of the shareholders. Khristenko has stated he does not consider Baku-Jeyhan project political.