...

CPC to expand capacity to over 80 million tons of oil

Oil&Gas Materials 17 August 2019 13:12 (UTC +04:00)

Baku, Azerbaijan, August 17

By Nargiz Sadikhova - Trend:

Kazakhstan is implementing a major Debottlenecking Program project to ramp up production at the Tengiz field, which is expected to deliver a massive boost to the utilization of the Tengiz – Novorossiysk oil pipeline, General Director of Caspian Pipeline Consortium (CPC) Nikolay Gorban said, Trend reports with reference to August issue of CPC Panorama Corporate Magazine.

As reported, the project aims to increase the throughput capacity of the Tengiz – Novorossiysk system, allowing to transmit at least 72.5 million tons of crude from Kazakhstan,

“The deadline for Debottlenecking Program (DBNP) completion is December 2023. The bulk of building and installation work will be completed in 2022. Investments over the period of 2019 to 2023 will total $599.9 million of which $156.4 million and $443.5 million to be made for CPC-Kazakhstan and CPC-Russia respectively,” Gorban said.

“The project covers all of the CPC’s 15 oil pump stations and Marine Terminal. Essentially, the DBNP is an optimization project for the oil pipeline system capacity built by the Expansion Project,” he added.

According to Christopher Scott Bowen, CPC Projects And Engineering Consultant, with the DBNP improvements, CPC will be able to accept nominations for Kazakhstan of 72.5 million tons a year with optimized use of drag-reducing agents (DRA), and up to 83 million tons a year from Kazakhstan with maximum DRA dosage.

CPC is the largest international oil transportation project with participation of Russia, Kazakhstan and world's leading oil companies, which was established for construction and operation of the trunk oil pipeline more than 1,500 kilometers long.

Tengiz field is an oil field located in northwestern Kazakhstan's low-lying wetlands along the northeast shores of the Caspian Sea.

(1 USD = 386.82 KTZ on August 17)

---

Follow the author on twitter: @nargiz_sadikh

Tags:
Latest

Latest