题目内容
It was thought that the pipeline would generate oil revenues pf $5billion year.
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The costs were so enormous, however, and the risks so imponderable that no one company was about to build the pipeline alone.
During the last stage of the pipeline's construction, the price of oil rose sharply to around $13 a barrel, a rate that seemed likely to bail out the venture.
In restrospect, the undertaking is an oil company's dream come true.
Aside from spreading the risk, joint ventures are also formed to bring together companies whose expertise in different areas contributes to the success of a particular project.
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