Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

6 Months for Pipeline

MOSCOW -- Pipeline monopoly Transneft estimates it would take six months and around $100 million to build a new pipeline to bypass the breakaway Chechnya republic, a Transneft vice-president said Wednesday.

The new Caucasus line linking Russia to Azerbaijan will pass through Dagestan, a Russian region on the edge of the Caspian Sea.

"We are ready to start building a pipeline to bypass Chechnya right away," Sergei Ter-Sarkisyants told a pipeline conference. "Technically, it can't take more than half a year, which is a feasible target."