The pipeline will provide access to the world market for oil produced at Karachaganak, via the Caspian Pipeline Consortium's Tengiz- Novorossiisk pipeline. Reserves at the Karachaganak field are approximately 1.2 billion tons of oil and condensate and 1.35 trillion cubic meters of gas. KIO produced over 5 million tons of condensate at the field last year and plans to increase production of liquid hydrocarbons to 7 million tons this year. Karachaganak produced 44 million tons of condensate and 3.75 million cubic meters of gas in 2001.
The 1,580-km Tengiz-Novorossiisk pipeline joins fields in Western Kazakhstan with the Russian Black Sea coast. The pipeline was officially launched in November 2001. The first stage of the pipeline has a capacity of 28 million tons of oil per annum, which will gradually increase to 67 million tons per annum. It is planned that the pipeline will reach its full initial capacity this year and next.
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