The Caspian Pipeline Consortium (CPC) began transporting oil from Kazakhstan’s Kashagan field, according to the CPC report.
In 2016, the consortium plans to pump about 1 million tons of Kashagan oil. In 2017 the volume of oil transportation from the field through the CPC system can be up to 12 million tons.
“At the moment we receive up to 10,000 tons per day and we expect that these volumes will grow. The required surplus capacity in the pipeline system has been promptly established, and we are ready to satisfy all requests of our shareholders,” said CPC General Director Nikolai Gorban.
In 2017, CPC will complete the expansion project and will begin to transport 67 million tons of oil per year. Of these, 56 million tons will be the share of Kazakh producers and 11 million tons will be Russian.
The CPC expansion project involves the modernization of five existing and the construction of ten additional pump stations (2 in Kazakhstan and 8 in Russia), the construction of six tanks (100,000 cubic meters each) in addition to the existing four in the oil storage near Novorossiysk, as well as replacing an 88-km section of the pipeline in Kazakhstan by a larger-diameter pipe. The total investment in the project will amount to $ 5.4 billion.
