The Caspian Pipeline Consortium (CPC) said the company plans a new modernisation project, which will increase the transportation of Kazakh oil from the current 61 million tonnes of oil per year to 72.5 million tonnes per year.

CPC General Director Nikolay Gorban told reporters in Atyrau the Consortium shareholders currently reviewed and agreed to implement a Comprehensive Programme for upgrading the CPC oil pipeline system.

“According to the received forward-looking applications of shipper...

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