Caspian Pipeline Consortium Expands Capacity to 67 Million Tons per Year

Strategic Insights -

The Caspian Pipeline Consortium (CPC) has marked the commencement of construction works on its pipeline expansion project, aiming to increase its mechanical through capacity from 28 million to 67 million tons per year. The project, expected to be completed by 2015, involves the modernization of five operating oil pumping stations in Kazakhstan and Russia, as well as the construction of new stations and facilities to boost oil transportation capacity. The expanded pipeline will enhance CPC's role in the region's oil transportation network, catering to growing demand for crude oil exports.

Key Takeaways:

  • The Caspian Pipeline Consortium (CPC) pipeline expansion project aims to increase its mechanical through capacity from 28 million to 67 million tons per year.
  • The project involves the modernization of five operating oil pumping stations in Kazakhstan and Russia, as well as the construction of new stations and facilities.
  • The expanded pipeline will be completed in stages, with the first stage reaching 35 million tons per year by 2012, and the final stage reaching 67 million tons per year by 2015.
  • The CPC pipeline expansion project has a budget of $5.4 billion, allocated for the construction, upgrade of communication systems, and pipeline management.
  • The project's expansion is expected to increase oil transportation capacity, supporting the growth of crude oil exports in the region.
  • The Caspian Pipeline Consortium has vowed to modernize its oil pumping stations in Kazakhstan and Russia, with 2 new stations in Kazakhstan and 8 in Russia being constructed as part of the project.
  • The expanded pipeline will feature 6 crude oil storage tanks near Novorossiysk and a third tanker loading unit at the CPC marine terminal.

Statistics:

  • The Caspian Pipeline Consortium's mechanical through capacity will increase from 28 million tons per year to 35 million tons per year by 2012.
  • The capacity will continue to increase, reaching 48 million tons per year in 2013.
  • The final stage of the expansion project will reach a capacity of 67 million tons per year by 2015.
  • The total cost of the CPC pipeline expansion project will be $5.4 billion.
  • The project involves the construction of 10 new oil pumping stations, 2 in Kazakhstan and 8 in Russia.
  • 6 crude oil storage tanks near Novorossiysk and 2 additional oil pumping stations in Kazakhstan will also be built as part of the expansion.

Sources:

  • (TCA) - July 5, 2011. (Note: The exact format and source details are used from the provided text without embellishments.)