<a href=/RCL/BAN/009/?lnk=yes target=_blank><img src=/RCL/BAN/009/141014_1.gif width=1050 height=60 border=0></a>
Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

10/31 09:07   Moscow press review for October 31, 2014
 
10/31 09:05   Ukraine, Russia and EU sign protocol on gas supplies until 2015
 
10/31 09:00   RUSSIA AND FSU GENERAL NEWS
 
10/31 05:00   Russia political and economic calendar: October 31
 
10/30 22:11   Mazda 3, Ford Focus among models preferred by Moscow car thieves - police
 
10/30 22:07   Belarus on EU sanctions: "a missed opportunity" to remove main hurdle in normalization
 
10/30 21:55   Russians discouraged from holidaying abroad on Ebola fears
 
10/30 21:52   Russia hopes to sign documents at trilateral meeting in Brussels - Novak
 
10/30 21:48   RUSSIA EXPECTS TO SIGN ALL DOCUMENTS ON NATURAL GAS ON OCT 30 - ENERGY MINISTER
 
10/30 21:47   RUSSIAN ENERGY MINISTER: NOT AWARE ABOUT SIGNING OF BILATERAL AGREEMENT ON FINANCIAL GUARANTEES BETWEEN UKRAINE, EC
 




 

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

October 31, 2014
 
05:00
Russia political and economic calendar: October 31
 
October 30, 2014
 
22:11
Mazda 3, Ford Focus among models preferred by Moscow car thieves - police
 
22:07
Belarus on EU sanctions: "a missed opportunity" to remove main hurdle in normalization
 
21:55
Russians discouraged from holidaying abroad on Ebola fears
 
21:52
Russia hopes to sign documents at trilateral meeting in Brussels - Novak
 
21:48
RUSSIA EXPECTS TO SIGN ALL DOCUMENTS ON NATURAL GAS ON OCT 30 - ENERGY MINISTER
 
21:47
RUSSIAN ENERGY MINISTER: NOT AWARE ABOUT SIGNING OF BILATERAL AGREEMENT ON FINANCIAL GUARANTEES BETWEEN UKRAINE, EC
 
21:35
U.S. to continue military assistance to Ukraine - ambassador
 
21:19
 
20:52
Estonian military to train Afghan troops
 
20:51
Ukraine Energy Minister Prodan authorized to sign gas imports protocol with Russia (Part 2)
 
20:47
EU refusal to recognize LPR, DPR elections 'blackmail' - Russian senator
 
20:34
Main indexes of the Russia stock market for October 30
 
20:27
Ukraine Energy Minister Prodan authorized to sign gas imports protocol with Russia
 
 more headlines 



Interviews
 

.
The name Arkady Rotenberg has been in the news far more frequently than usual in recent months. The billionaire was hit by the first wave of European Union sanctions against Russia, and has already challenged this decision in court. Recently it was reported that the businessman has sold part of his assets to his eldest son. Arkady Rotenberg spoke in an interview with Interfax about whether there was a link between these two developments, the impact of sanctions on his business, his friendship with President Vladimir Putin and many other topics.

more
.
.
Pakistani Ambassador to Russian Zaheer Aslam Janjua has given an interview to Interfax in which he speaks about prospects for supplying more Pakistani food products to Russia, the quality of such products and invites Russian companies to implement infrastructural projects in Pakistan.

more
.
.
John Padilla, managing director of consultants IPD Latin America, talks to Interfax about Colombia’s investment climate.

more

 
  
 ©   1991—2014   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