Caspian Oil Pipeline Expansion to Finish in 2015, Transneft Says
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The Caspian Pipeline Consortium’s crude link that runs from northwest Kazakhstan to the Black Sea will reach full capacity by 2015, according to OAO Transneft.
The expansion is still dependent on whether fields being developed have started production, Mikhail Barkov, a vice-president at Russia’s state-owned pipeline operator, said today in Moscow. The link’s output is to be increased to 67 million metric tons annually, or 1.4 million barrels a day.