CPC Expansion Nears End of the Line

摘要

Shareholders in the Caspian Pipeline Consortium (CPC) should this year finally see the result of their $5.4 billion investment as an expansion of the line allowing more Kazakh and Russian crude oil to reach world markets is completed. CPC General Director Nikolai Gorban told journalists Tuesday that the 1,511 - kilometer line -- running from the giant Tengiz field in Kazakhstan to the Yuzhnaya Ozereevka terminal near Novorossiysk on the Russian Black Sea coast -- should be ready to pump 67 million tons (1.35 million barrels per day) by the end of the 2017.