The Caspian Pipeline Consortium (CPC), which exports oil from Kazakhstan and Russia, continues gradual putting into operation of additional objects to expand carrying capacity of the oil pipelines, owing to which the oil shipment volume will go up. In February 2014 it launched a remote mooring facility on the offshore terminal in additional to the two already operating ones. In March 2014 CPC shipped 3,923,000 tons of oil from the offshore terminal, which has become a maximum monthly shipment index during the period of the oil pipeline operation.
According to the CPC, over 349,000,000 tons of oil was exported since beginning of the oil pipeline operation.
This year CPC will start launching new oil pipelines to create new capacities.
The expansion project envisages upgrade of 5 existent and construction of 10 additional oil pumping stations (2 ones in Kazakhstan and 8 ones in Russia) and construction of six new reservoirs (100,000 cub.m. each) for oil storage in addition to four existent ones. Total sum of investments into the project will reach $5.4 billion, reported www.Oilnews.kz.
