Caspian Pipeline Consortium (CPC) launched a new 130-km long pipeline. The section is designed and built to follow a safer bypass route in lieu of the old original section constructed in 1991. The old pipeline 116-km long passed too close to the Caspian Sea. To remind you, the CPC owns and operates a pipeline from Tengiz oil field to Novorossiysk (known as CPC or KTK pipeline). This is the main exports route for Kazakh oil. The capacity of the pipeline is 32mn tonnes of oil per annum. However, last year, the consortium decided to raise the capacity to 67mn tonnes of oil per annum. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more