OREANDA-NEWS. On 09 June 2008 was announced, that the pipeline capacity of the Caspian Pipeline Consortium (CPC) in case its shareholders resolve to expand,  the growth by the spring of 2012 will compile up to 50 million tons of oil per annum  from 34million tons.

According to Interfax, this information was received from Mr. Vladimir Razdukhov, CPC Director General. Mr. Razdukhov said that out of this volume, 35 million tons will  be supplied from Kazakhstan. He also noted that in the case additives were used the pipeline’s capacity could be even higher. Mr. Razdukhov added that CPC may reach full capacity compiling up to 67 million tons by spring 2013. Of the total volume, the Kazakhstan-bound oil would account for 50 million tons, and the Russia-bound oil – 17 million tons.

It is assumed that under the auspices of CPC’s expansion additional 17 million tons of Kazakhstan-bound oil will be targeted at the Burgas-Alexandropoulos pipeline.

CPC owns the Tengiz-Novorossiysk pipeline with a total length of 1,580 km. The pipeline connects the deposits in Western Kazakhstan with the Russian coast of Black Sea. In 2007, the oil circulation in CPC amounted to 32.6 million tons.

The shares of CPC governments-founders break down as follows: Russia - 24% (in April 2007 this stockholding was transferred for management to Transneft), Kazakhstan – 19%, Oman – 7%. Among the private oil companies – stakeholders of the consortium are Chevron Caspian Pipeline Consortium Company with 15%, LUKARCO B.V. with 12.5%, Rosneft-Shell Caspian Ventures Limited — 7.5%, Mobil Caspian Pipeline Company — 7.5%, Agip International (N.A.) N.V. — 2%, BG Overseas Holding Limited - 2%, Kazakhstan Pipeline Ventures LLC — 1.75%, and Oryx Caspian Pipeline LLC — 1.75%.