Oil pumping station-2 in Kalmykia connected to Tengiz-Novorossiysk oil pipeline
Oil pumping station-2 in Kalmykia has been connected to the Tengiz-Novorossiysk oil pipeline, according to a statement of the Caspian Pipeline Consortium, the pipeline operator.
The station is being built in Kalmykia as part of phase 3 of the Caspian Pipeline Consortium capacity expansion project.
The pipeline system of the Caspian Pipeline Consortium is one of the largest investment projects in the power industry across the CIS territory with foreign investors. The total length of the pipeline connecting Tengiz and Novorossiysk is 1,511 km. This export route is used for more than two thirds of oil exported by Kazakhstan, as well as for crude oil from Russian fields, including those located in the Caspian Sea.
The Caspian Pipeline Consortium’s shareholding structure is as follows: the Russian Federation (31%, including 24% held by Transneft, 7% belonging to CPC Company); Republic Kazakhstan (20.75%, including 19% held by KazMunayGas, 1.75% held by Kazakhstan Pipeline Ventures LLC), Chevron Caspian Pipeline Consortium Company (15%), LUKARCO B.V. (12.5%), Mobil Caspian Pipeline Company (7.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), BG Overseas Holding Limited (2%), Eni International N.A. N.V. (2%) and Oryx Caspian Pipeline LLC (1.75%).