Caspian Oil pipeline partners to review expansion timing as BG sees delays


Exxon (XOM), Chevron (CVX), Shell (RDS.A, RDS.B) and other Caspian Pipeline Consortium shareholders will meet this month to review the timing of a planned expansion as BG Group (BRGYY, BRGXF) expects it to be delayed into 2016.

The partners, which also include Rosneft (RNFTF), Lukoil (LUKOY) and the Russian and Kazakh governments, plan to double capacity to 1.4M bbl/day; the consortium had said the link, which runs from northwest Kazakhstan to the Black Sea, would reach full capacity this year.

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Comments (1)
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    have to link it up with the US Army first. Other than that I think we're good to go here.
    4 Apr 2014, 12:39 PM Reply Like
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