The crude oil from Kashagan oil field in Kazakhstan has started coming into the Caspian Pipeline Consortium’s system. It is expected that in 2016 the Consortium transport about 1 million t of Kashagan oil. And already next year – in 2017 – the volumes of crude oil shipped from that field through CPC system may amount to 12 million t.
“We currently receive up to 10 thousand tpd and expect these volumes to grow. The necessary surplus capacities have been created in the pipeline system on time and we are ready to meet all nominations of our Shareholders”, – noted CPC General Director Nikolay Gorban.
In 2017 Caspian Pipeline Consortium will complete the Expansion Project and reach the transportation level of 67 million tpy of crude oil. Kazakhstani producer will account for 56 million t of that volume and Russian producers - for 11 million t.
The length of the pipeline connecting the oil fields in Western Kazakhstan with the Marine Terminal near Novorossiysk is 1511 km. CPC Marine Terminal is equipped with single point moorings which allow for safe tanker lifting at a considerable distance from the shore, also when the weather conditions are unfavourable.
The Expansion Project includes rehabilitation of 5 existing and construction of 10 additional pump stations, six new storage tanks in addition to the existing four near Novorossiysk and a third SPM at the CPC Marine Terminal, and also the replacement of an 88 km pipeline section in Kazakhstan with a larger diameter pipe. The total amount of the Project investments will be US$5.4 billion.
Read the article online at: https://www.worldpipelines.com/product-news/17102016/first-kashagan-oil-is-in-cpc-pipeline-system/