Caspian Pipeline Consortium (CPC)
20.02.2025
Caspian Pipeline Consortium (CPC)
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For Prelims: About Caspian Pipeline Consortium (CPC) |
Why in the news?
Russia said oil flows through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, were reduced by 30-40% recently after a Ukrainian drone attack on a pumping station.
About Caspian Pipeline Consortium (CPC):
- CPC is a $2.6 billion project consisting of a 935-mile crude oil pipeline that runs from the Tengiz oil field in Kazakhstan to the Russian Black Sea port of Novorossiysk.
- Construction on the CPC pipeline began in 1999.
- It was commissioned in 2001, and a $5.1 billion expansion project was completed in 2018.
- It is a key East-West pipeline that will carry oil from the Caspian Sea region to international markets.
- CPC includes the Russian and Kazakh governments, as well as Western energy majors - Chevron, ExxonMobil and Shell.
- This pipeline accounts for two-thirds of Kazakhstan's oil exports.
- The pipeline's total capacity is 1.4 million barrels per day of oil. This is 3 percent of global seaborne oil trade.
Source: The Hindu
Caspian Pipeline Consortium (CPC) is a project consisting of a crude oil pipeline that connect which of the following countries?
A.Russia and Iran
B.Kazakhstan and Iran
C.Kazakhstan and Russia
D.Azerbaijan and Russia
Answer C