15 Mar 2018 12:58

CPC to boost oil shipments to 60 mln tonnes in 2018

ASTRAKHAN. March 15 (Interfax) - The Caspian Pipeline Consortium (CPC) plans to increase transportation of oil to 60 million tonnes in 2018, company CEO Nikolai Gorban told reporters on Thursday.

"We have completed a major project to expand the pipeline system and have reached design capacity. We ended last year with a figure of more than 55 million tonnes. This year we hope to exceed the figure of 60 million tonnes. Everything is in place for this. Oil producers will also not let us down," Gorban said.

CPC has concluded investment in infrastructure, he added.

"We put the last station in Kalmykia, OPS-2, into operation literally at the end of last year. The official launch of this last station will be on April 18. It is the most remote. We have brought the system up to design capacity of 67 million tonnes. A sufficient surplus of capacity has been created to cover the needs of oil producers," Gorban said.

A total of ten stations were built and more than $5 billion was invested, he said.