The Caspian Pipeline Consortium (CPC) has finally completed its long-running capacity expansion project to more than double the original throughput of the key regional oil export line at an estimated cost of about $5.4 billion.
The completion ceremony was held last week near Achinery, a village in south Russia's Kalmykiya region, and marked the commissioning of the last new oil pump station along the pipeline route, which runs from Kazakhstan to a floating export terminal near the Russian Black Sea port of Novorossiysk.
