PEER STRATEGY

Caspian Pipeline Posturing Spooks Western Majors

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
workers,russia,caspian,export,terminal,black,sea,pipelines,kazakstan,tengiz,
MAXIM MARMUR/AP

  • Western producers in Kazakhstan fear Russia may nationalize the Caspian Pipeline Consortium (CPC) terminal and cut their access to international markets.
  • Chevron, the biggest Western partner in CPC, would have to invest heavily in new export infrastructure for crude from the Tengiz field if the terminal shuts.
  • Closure of CPC would massively raise transportation costs from Tengiz and delay cost recovery from the field's $45 billion expansion.

The Issue

Topics:
Oil Pipelines, Crude Oil, Majors, Upstream Projects, Ukraine Crisis
Wanda Ad #2 (article footer)
#
India's leading oil companies have a lot of work ahead to translate broadly government mandate-driven directives into real-world decarbonization investments, but near-term plans are coming into view.
Tue, Sep 26, 2023
The three hubs are being developed in parallel with storage facilities with an initial combined storage capacity of 15 million tons/yr of CO2.
Mon, Oct 2, 2023
Turkey said crude exports via the Iraq-Turkey pipeline will resume this week, potentially bringing up to 500,000 b/d back to the market,
Mon, Oct 2, 2023