Caspian Pipeline Consortium not planning further expansion
ATYRAU. April 5 (Interfax) - Caspian Pipeline Consortium (CPC) does not plan to further increase the throughput capacity of its oil pipeline, said Kairgeldy Kabyldin, CPC deputy general director for relations with the government of Kazakhstan.
"Owing to the CPC Expansion Project, which was completed in 2017, and the ongoing Debottlenecking Program, the CPC system can now pump about 72.5 million tonnes of oil per year from Kazakhstan and up to 83 million tonnes of oil per year through the Russian Federation. These projects have considerably increased the throughput capacity of the CPC system, which is now capable of transporting all requested volumes of oil, so there are no plans at the moment to further increase the capacity of the Tengiz-Novorossiysk pipeline," Kabyldin said at a press conference held on the sidelines of the Atyrau Oil and Gas 2023 exhibition.
In 2022, the pipeline system was upgraded as part of the Debottlenecking Program to become able to pump about 72.5 million tonnes of Kazakh oil per year.
The CPC Tengiz-Novorossiysk pipeline is 1,511 km long and links the oil fields in west Kazakhstan with Russia's Black Sea coast. In 2018, CPC completed an expansion project to increase the throughput capacity of the pipeline to 67 million tonnes of oil a year. CPC is currently implementing a debottlenecking project which will increase its throughput capacity to 83 million tonnes a year by the end of 2023.
Kazakhstan exports over 80% of its oil through the CPC pipeline.
The sovereign shareholders of Caspian Pipeline Consortium (CPC) are: Russia with a 31% stake managed by Transneft (24%) and CPC Company (7%), and Kazakhstan with 20.75%, managed by KazMunayGas (19%) and Kazakhstan Pipeline Ventures LLC (1.75%). The rest of the consortium belongs to private companies: Chevron Caspian Pipeline Consortium Company (15%), LUKARCO B.V. (12.5%), Mobil Caspian Pipeline Company (7.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), BG Overseas Holding Limited (2%), Eni International N.A. N.V. (2%) and Oryx Caspian Pipeline LLC (1.75%).