CPC expects to transport 18 mln t of oil from Kashagan in both 2023 and 2024

MOSCOW. Sept 4 (Interfax) - The Caspian Pipeline Consortium (CPC) expects to transport 18 million tonnes of oil from the Kashagan field in both 2023 and 2024, CPC chief executive Nikolai Gorban said at an international conference to mark 30 years since the start of offshore operations in the North Caspian Sea, the CPC said in a press release.

The first crude from Kashagan entered the Tengiz-Novorossiysk pipeline system on October 13, 2016 and the CPC has now transported almost 90 million tonnes of oil from the field, the release said.

It was reported earlier that the CPC expects to transport at total of 61 million-62 million tonnes of oil in 2023.

The CPC is prepared to transport more, as it has extra capacity, but there is not enough oil at the moment due to problems at fields, Gorban said earlier in an interview with TV channel Atameken Business. There are requests to transport at least 67 million tonnes, but the CPC has a pessimistic view and expects the figure will probably be 61 million-62 million tonnes, he said.

The CPC transported 58.7 million tonnes of crude for export in 2022.