Middle East Economic Survey

VOL. LIII

No 2

11-Jan-2010

CASPIAN

CPC Shareholders Approve Pipeline Expansion To 67Mn Tons/Year

Caspian Pipeline Consortium (CPC) shareholders on 16 December approved the long-proposed capacity expansion of the CPC oil pipeline during a gathering in Moscow of the CPC-R Board of Directors and CPC-K Extraordinary General Shareholders. Implementation of the plan to boost the 1,510km pipelines capacity to 67mn tons/year (1.34mn b/d) by 2014 is to begin this month.

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