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The Caspian Pipeline Consortium was initially registered in the Bermuda Islands in 1992. [3] It is split into two companies: CPC-R operates the Russian section of the pipeline and CPC-K operates the Kazakh section. [3] The shareholders of the consortium are: Transneft - 24%; KazMunaiGaz - 19%; Chevron Caspian Pipeline Consortium Co. - 15% ...
The shuttle tankers system envisages a usage of oil tankers to transport oil from Kuryk terminal in Kazakhstan to Sangachal Terminal in Azerbaijan. [7] The capacity of this system would be 500,000 barrels per day (79,000 m 3 /d) in the initial stage, rising later up to 1.2 million barrels per day (190 × 10 ^ 3 m 3 /d).
In January 2006, as a result of the Russia-Ukraine gas dispute, interest in the Trans-Caspian Gas Pipeline project was rekindled. [7] On 11 January 2006, Azerbaijan's prime-minister Artur Rasizade proposed to his Kazakhstan counterpart Daniyal Akhmetov that Kazakhstan gas be exported through the South Caucasus Pipeline to Turkey and from there to the European market. [8]
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Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources ...
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The western branch consists of the CAC-3 pipeline and a project to build a new parallel Caspian pipeline. The western branch runs from the Caspian Sea coast of Turkmenistan to north. [1] The branches meet in western Kazakhstan. From there the pipelines run to north where they are connected to the Russian natural gas pipeline system. [2]