Caspian Pipeline Consortium Upgrades Tengiz-Novorossiysk Pipeline

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The Caspian Pipeline Consortium’s (CPS) 1,511-km Tengiz-Novorossiysk Pipeline was shut down for 72 hours to tie-in new equipment and replace block valves in an effort to increase the pipeline’s capacity. This was the third and final scheduled shutdown of the oil pipeline in 2012.
  The expansion included: rehabilitation of five existing and construction of 10 additional pump stations (2 in the Republic of Kazakhstan and 8 in the Russian Federation); adding six crude oil storage tanks near Novorossiysk; and a Single Point Mooring (SPM) system at the CPC Marine Terminal. Also 88-km of pipeline was replaced in Kazakhstan with larger diameter pipe. Project investments totaled US$ 5.4 billion.
  The shutdowns of the Tengiz-Novorossiysk pipeline and the additional equipment tie-ins allowed the pipeline to be upgraded and prepared to support  capacity increases in the future. The CPC project was originally developed with a view to a potential expansion from 67 to 76 million tons per annum (mtpa).
  CPC shareholders are: Russian Federation (represented by Transneft – 24% and CPC Company – 7 %) – 31%; Republic of Kazakhstan  (represented by Kazmunaygaz  – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; 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%.\