Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

01/31 22:56   LPR negotiator accuses Kyiv of inability to control armed forces (Part 2)
 
01/31 22:48   DPR, LPR demand immediate ceasefire
 
01/31 22:35   DPR, LPR: Kuchma status at peace talks insufficient for signing final document
 
01/31 22:24   LPR negotiator accuses Kyiv of inability to control armed forces
 
01/31 22:18   DPR, LPR leaders to come to Minsk if Ukraine ceases fire - negotiator
 
01/31 22:07   DPR, LPR loyal to Minsk agreements - DPR negotiator
 
01/31 22:01   PUSHILIN: ARRIVAL OF DPR, LPR LEADERS FOR MINSK TALKS CONDITIONAL ON POROSHENKO CEASEFIRE ORDER
 
01/31 21:59   PUSHILIN: DATE OF NEXT ROUND OF MINSK TALKS DEPENDS ON KYIV
 
01/31 21:56   PUSHILIN: UKRAINE REFUSES TO WITHDRAW HEAVY ARMS FROM DE FACTO SEPARATION LINE, WANTS TO STICK TO SEPT 19 LINE
 
01/31 21:54   PUSHILIN: ALL THAT KUCHMA'S STATUS SHOULD WARRANT IS TO PREPARE DOCUMENTS AS HE CANNOT BE ACCOUNTABLE FOR COMPLIANCE WITH THEM
 




 

Interfax.com  |  Interfax news  |  CPC pipeline expansion to cost over $5 bln -...


News headlines


November 24, 2010 17:00

CPC pipeline expansion to cost over $5 bln - source (Part 2)

MOSCOW. Nov 24 (Interfax) - It will cost more than $5 billion to expand the Caspian Pipeline Consortium (CPC) oil pipeline, a source close to the consortium's shareholders told Interfax.

"The CPC expansion will cost more than $5 billion. There are real, objective reasons - the higher cost of tubular products and pumps, electricity charges plus inflationary trends. All this has an impact," the source said.

The source also said the CPC's operating budget for 2011, not including the expansion costs, would be $300 million.

The CPC's phased expansion was originally estimated at $4.6 billion. The expansion is aimed at boosting throughput capacity from 32 million to 67 million tonnes or, if anti-friction additives are used, to 76 million tonnes. The project foresees the construction of ten additional oil-pumping stations (two in Kazakhstan and eight in Russia), six reservoirs for oil storage near Novorossiisk and a third single buoy mooring at CPC's sea terminal. The consortium also plans to replace 88 kilometers of pipeline in Kazakhstan.

Existing pumping stations should now be modernized, the 88 km of pipeline in Kazakhstan replaced and the mooring built by 2012 in order to increase the system's capacity to 35 million tonnes from 28 million tonnes.

The second phase, which should raise capacity to 48 million tpa, should be implemented in 2013 and will see five new pumping stations and three new 100,000 cu m tank farms built at the sea terminal.

The third phase, in which another five pumping stations and three 100,000 cu m reservoirs will be built and throughput capacity augmented to 67 million tpa, is planned for 2014.

The CPC's sovereign shareholders are Russia with 31% (managed by Transneft (RTS: TRNF) - 24% and CPC Company - 7%) and Kazakhstan has 20.75% (KazMunaiGas - 19% and Kazakhstan Pipeline Ventures LLC - 1.75%). The rest of the consortium belongs to private companies: Chevron Caspian Pipeline Consortium Company (15%), LUKARCO B.V. (12.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), Mobil Caspian Pipeline Company (7.5%), Eni International (N.A.) N.V. (2%), BG Overseas Holding Ltd (2%) and Oryx Caspian Pipeline LLC (1.75%).

Pr

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

January 31, 2015
 
22:56
LPR negotiator accuses Kyiv of inability to control armed forces (Part 2)
 
22:48
DPR, LPR demand immediate ceasefire
 
22:35
DPR, LPR: Kuchma status at peace talks insufficient for signing final document
 
22:24
LPR negotiator accuses Kyiv of inability to control armed forces
 
22:18
DPR, LPR leaders to come to Minsk if Ukraine ceases fire - negotiator
 
22:07
 
22:01
PUSHILIN: ARRIVAL OF DPR, LPR LEADERS FOR MINSK TALKS CONDITIONAL ON POROSHENKO CEASEFIRE ORDER
 
21:59
PUSHILIN: DATE OF NEXT ROUND OF MINSK TALKS DEPENDS ON KYIV
 
21:56
PUSHILIN: UKRAINE REFUSES TO WITHDRAW HEAVY ARMS FROM DE FACTO SEPARATION LINE, WANTS TO STICK TO SEPT 19 LINE
 
21:54
PUSHILIN: ALL THAT KUCHMA'S STATUS SHOULD WARRANT IS TO PREPARE DOCUMENTS AS HE CANNOT BE ACCOUNTABLE FOR COMPLIANCE WITH THEM
 
21:50
DEINEGO CLAIMS THAT KYIV CANNOT CONTROL ITS ARMED FORCES, THAT THIS IS CAUSE OF FIGHTING OUTBREAK IN EAST UKRAINE
 
21:48
PUSHILIN: DPR, LPR LEADERS TO COME TO MINSK TO SIGN FINAL DOCUMENT WHEN SHELLING OF POPULATED AREAS IN EAST UKRAINE STOPS
 
21:45
PUSHILIN: DPR, LPR OPEN TO DIALOGUE, REJECT ULTIMATUMS
 
21:43
PUSHILIN SAYS DPR, LPR LOYAL TO MINSK MEMO, ACCUSES UKRAINE OF BLOCKING PEACE PROCESS ALL THE TIME
 
 more headlines 



Interviews
 

.
Russian Foreign Minister Sergei Lavrov has given an interview with Interfax, in which he summed up the results of this foreign policy year and spoke about the priorities of Russian diplomacy in 2015

more
.
.
Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.

more
.
.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.

more

 
  
 ©   1991—2015   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100