Russia outlines conditions for CPC link expansion

摘要

Moscow-The planned expansion of the Chevron-led CPC crude pipeline from Kazakhstan to the Black Sea will not be approved until commercial issues, including the hiking of tariffs and loan repayments, are resolved, a senior Russian energy official said November 17. Sergei Oganesyan, head of Russia's federal energy agency, said he believed CPC's oil transportation tariffs should be raised up to 38/mt, the maximum rate provided for by the current CPC shareholders' agreement, for the planned expansion to 67 million mt/year from the current 34 million mt/year to gain approval.