CPC to boost oil pumping to 81.5 mln tonnes annually, 72.5 mln tonnes via Kazakh sectionThe Caspian Pipeline Consortium (CPC) may increase its oil pumping capacity from 67 million to 81.5 million tonnes per year, according to a statement from the Kazakh government’s press service."Technical capabilities have been secured to increase pumping volumes from 67 to 81.5 million tonnes annually, including via the Kazakh section from 53.7 to 72.5 million tonnes per year," the press release stated, following a meeting between Kazakh Prime Minister Olzhas Bektenov and CPC General Director Nikolai Gorban.The government added that the implementation of the CPC Pipeline Debottlenecking Project (PDB) by October 2025 will raise the total volume of shipped oil to 1 billion tonnes.During the meeting, Gorban announced the completion of restoration work and the commissioning of the Kropotkinskaya oil pumping station. He also noted that in 2024, CPC and KazTransOil jointly completed a project to construct and connect a new pipeline link between the CPC pipeline and the T. Kasymov oil pumping station of KazTransOil.Bektenov emphasized that Kazakhstan prioritizes ensuring uninterrupted operation of the CPC pipeline."The system is a vital artery for exporting Kazakh oil. In this regard, the Kazakh side will provide all necessary support," the government said.The 1,511-km CPC pipeline, which links oil fields in western Kazakhstan and Russian offshore fields in the Caspian Sea to a marine terminal in Novorossiysk, serves as the primary export route for Kazakh oil. It handles over 80% of the country's pipeline crude exports. The pipeline has a capacity to transport 72.5 million tonnes of crude from Kazakhstan and up to 83 million tonnes through Russia per year. The CPC pumped 63.01 million tonnes of oil through the system in 2024, with nearly 55 million tonnes from Kazakhstan.The CPC's shareholders apart from Russia and Transneft (MOEX: TRNF) are Kazakhstan, with 20.75%, as represented by KazMunayGas with 19% and Kazakhstan Pipeline Ventures LLC with 1.75%; Chevron Caspian Pipeline Consortium Company with 15%; Lukoil International GmbH with 12.5%; Mobil Caspian Pipeline Company with 7.5%; Rosneft-Shell Caspian Ventures Limited with 7.5%; BG Overseas Holding Limited with 2%; Eni International N.A. N.V. with 2%; and Oryx Caspian Pipeline LLC with 1.75%. (ICE ALMATY)

Fonte notizia: INTERFAX