{"id":30203,"date":"2025-02-19T12:08:24","date_gmt":"2025-02-19T06:38:24","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=30203"},"modified":"2025-04-10T08:50:07","modified_gmt":"2025-04-10T03:20:07","slug":"caspian-pipeline-consortium-cpc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/caspian-pipeline-consortium-cpc\/","title":{"rendered":"Caspian Pipeline Consortium (CPC)"},"content":{"rendered":"<h2>Caspian Pipeline Consortium Latest News<\/h2>\n<p>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.<\/p>\n<h2>About Caspian Pipeline Consortium<\/h2>\n<ul>\n<li>CPC is a $2.6 billion project consisting of a <strong>935-mile crude oil pipeline <\/strong>that runs from the <strong>Tengiz oil field in Kazakhstan to the Russian Black Sea port of Novorossiysk.<\/strong><\/li>\n<li>Construction on the CPC pipeline began in 1999.\u00a0<\/li>\n<li>It was<strong> commissioned in 2001, <\/strong>and a $5.1 billion expansion project was completed in 2018.<\/li>\n<li>It is a key East-West pipeline that will <strong>carry oil from the Caspian Sea region to international markets.<\/strong><\/li>\n<li>CPC <strong>includes the Russian and Kazakh governments,<\/strong> as well as <strong>Western energy majors <\/strong>Chevron, ExxonMobil, and Shell.<\/li>\n<li>This pipeline accounts for two-thirds of Kazakhstan&#8217;s oil exports.\u00a0<\/li>\n<li>The pipeline&#8217;s total capacity is 1.4 million barrels per day of oil. This is <strong>2.3 percent of global seaborne oil trade.<\/strong><\/li>\n<\/ul>\n<h2>Caspian Pipeline Consortium FAQs<\/h2>\n<p><strong>Q1<\/strong>. Who owns the Caspian Pipeline Consortium?<\/p>\n<p><strong>Ans<\/strong>. The consortium is composed of 11 companies in total. Russian companies own 36.5% of shares of the consortium.<\/p>\n<p><strong>Q2<\/strong>. What is the capacity of the Caspian Pipeline Consortium?<\/p>\n<p><strong>Ans<\/strong>. The pipeline&#8217;s total capacity is 1.4 million barrels per day of oil.\u00a0<\/p>\n<p><strong>Q3<\/strong>. Which countries border the Caspian Sea?<\/p>\n<p><strong>Ans<\/strong>. The Caspian Sea is bordered by five countries: Kazakhstan, Turkmenistan, Iran, Azerbaijan, and Russia.<\/p>\n<p><strong>Source<\/strong>: <a href=\"https:\/\/www.thehindu.com\/news\/international\/ukraine-attack-on-russian-pipeline-to-hit-kazakh-oil-exports\/article69234607.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caspian Pipeline Consortium 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<\/p>\n","protected":false},"author":5,"featured_media":30204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-30203","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=30203"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/30204"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=30203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=30203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=30203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}