Middle East Economic Survey

VOL. XLVIII

No 3

17-January-2005

CASPIAN

CPC Pipeline Hits Design Capacity, Expansion Plans Being Negotiated

The Caspian Pipeline Consortium (CPC) on 12 January reported that its 1,510km pipeline shipped 2.76mn tons (650,000 b/d) during the month of December, including 400,000 tons (94,000 b/d) of Russian crude that started to enter the system in November. The December volume exceeded the pipelines initial design capacity of 28mnn tons/year (560,000 b/d), prompting CPC...