ASTANA, Kazakhstan, September 4. The Caspian Pipeline Consortium (CPC) plans to pump 18 million tons of oil from the Kashagan field in 2023 and 2024, CPC General Director Nikolay Gorban said at the international conference dedicated to the 30th anniversary of the start of maritime operations in the North Caspian, Trend reports.
The first batch of oil from Kashagan entered the Tengiz-Novorossiysk pipeline system on October 13, 2016. To date, CPC has already transported almost 90 million tons.
"As the founders of the consortium aspired, the Tengiz-Novorossiysk pipeline has been and remains the safest, logistically verified, and cost-effective route for delivering Caspian oil to world markets," Gorban added.
The CPC pipeline system is one of the largest investment projects in the energy sector with the participation of foreign capital in the CIS. The length of the Tengiz-Novorossiysk pipeline is 1,511 km. More than two-thirds of Kazakhstan's total export oil is transported along this route, as are raw materials from Russian fields, including those located in the Caspian Sea.