Lukoil to buy BP out of Caspian Pipeline Consortium

The 1,580 km Caspian pipeline runs from Tengiz in Kazakhstan to Novorossiysk on the Black Sea and has a total capacity of 750,000 bbl/d of oil.

CPC participants include Transneft, CPC Company, KazMunayGaz, Chevron Caspian Pipeline Consortium Company, Lukarco, Mobil Caspian Pipeline Company, Rosneft-Shell Caspian Ventures, BG Overseas Holding, Eni International, Kazakhstan Pipeline Ventures and Oryx Caspian Pipeline.

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