Caspian Pipeline approves $5.4-billion expansion

The Caspian Pipeline Consortium unanimously approved the $5.4-billion expansion of the line, according to Chevron Corp

Offshore staff

SAN RAMON, California – The Caspian Pipeline Consortium unanimously approved the $5.4-billion expansion of the line, according to Chevron Corp. Upon completion, throughput will go from the current 730,000 b/d capacity to 1.4 MMb/d. The line carries crude from western Kazakhstan to a terminal on the Black Sea.

The project will be implemented in three phases with capacity increasing progressively from 2012 to 2015. The project will consist of refurbishing five existing pump stations, the addition of 10 new pumping stations, the replacement of a 55-mile (88-km) section of the line, six new storage tanks and the addition of a third offshore mooring point at the Black Sea terminal, six miles (10 km) north of the Port of Novorossiysk.

12/15/2010

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