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Kashagan to boost world oil production

Kashagan to boost world oil production Energy

Kashagan to boost world oil production

Kazakhstan’s Energy Minister Kanat Bozumbayev has said that the official launch of Kashagan is scheduled for October 23

The Caspian Pipeline Consortium (CPC) can pump about 1.2million tonnes of crude oil from the giant oil field Kashagan in Kazakhstan’s section of the Caspian Sea from October until the end of this year, CPC General Director Nikolai Gorban said at a press conference in Astana on September 15.

“We confirm that after the launch of Kashagan, our pipeline will be able to take Kashagan oil. CPC as the main export route operator is ready to fully meet its obligations. All work is to increase the throughput capacity of the pipeline will be completed by the beginning of commercial oil production at Kashagan,” Gorban told reporters.

Earlier, Kazakhstan’s Energy Minister Kanat Bozumbayev said that the official launch of Kashagan is scheduled for October 23 this year.

According to Gorban, the CTC will be able deliver about 600,000 tonnes of   Kashagan oil per month to sea ports for export.

So the total until the end of the volume can be more than one million tonnes.

According to him, CPC pumped over to export 42, 8 million tonnes of crude oil from Kazakhstan on last year. At the end of 2016, this figure could reach 45.8 million tonnes of Kazakh oil.

“Mid-2017, after the completion of all the works to expand our pipeline, its capacity to reach 67 million tonnes of oil per year, including from Kazakhstan for export will be pumped 52.5 million tonnes of oil,” Gorban told reporters.

The CTC is the largest international oil project involving Kazakhstan and Russia, as well as leading production companies. More than 50% of Kazakh oil is exported via the CPC system; the length of over 1,500 kilometres.


source: neweurope.eu

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