The Caspian pipeline CPC expects to receive oil from the huge Kashagan oil field, now idle, in May or June and to boost the conduit's capacity by 50 percent next year, sources at the consortium said Monday.
Kazakhstan's Kashagan oilfield, the world's biggest crude discovery in half a century, has been out of operation since October due to a gas leak.
"We will be ready to take all the Kashagan oil when the output resumes in May-June, as expected," a source said.
A second source said the annual capacity of the Caspian Pipeline Consortium, or CPC, would increase next year to 48 million tons — almost 1 million barrels per day — from 32 million now.
Repeated delays have infuriated the Kazakh government, which has threatened to fine the NCOC consortium operating the project.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
