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Bloomberg: Chevron-Led Caspian Pipeline Group Faces $290 Million Tax Claim

By Greg Walters

July 20 (Bloomberg) — The Chevron Corp.-led Caspian Pipeline Consortium received a $290 million back-tax claim from Russian authorities for 2004 and 2005.

The venture is challenging the claim alongside similar back-tax claims for previous years in the Moscow City Court, Olesia Kuznetsova, a spokeswoman for the Caspian Pipeline Consortium, said by phone in Moscow today. The claim was levied by Russia’s Federal Tax Service, she said.

The venture operates a pipeline that transports Kazakh crude-oil exports through Russia to markets in the rest of the world.

To contact the reporter on this story: Greg Walters in Moscow at [email protected]
Last Updated: July 20, 2007 04:46 EDT

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