CPC oil pipeline relaunched after leak
Write:
Joakim [2011-05-20]
ALMATY, March 2 - The flow of oil through the key pipeline shipping crude from Kazakhstan to Russia has restarted after a leak, operator the Caspian Pipeline Consortium said.
The CPC halted shipments through a part of the pipeline in Kazakhstan last week after oil leaked from it, but said shipments to Russia had not been affected thanks to the use of reservoirs.
"On February 28, the Caspian Pipeline Consortium restarted shipments through the Tengiz-Atyrau part of the pipeline," the CPC said in a statement on the weekend.
The Caspian Pipeline Consortium ships crude from some of Kazakhstan's biggest oilfields, such as Tengiz, to the Russian port of Novorossiisk.
The U.S. Chevron-led pipeline group includes Russian pipeline company Transneft, ExxonMobil , Royal Dutch Shell and LUKOIL.
Russian companies such as Rosneft , Surgutneftegas and TNK-BP, also ship crude via CPC.
State shareholders Russia and Kazakhstan own 31 percent and 19 percent in CPC respectively.