The Caspian oil pipeline is seen boosting its capacity this year by around 47% thanks to new oilfields in the region including the giant Kashagan deposit in Kazakhstan, the consortium’s director general, Nikolai Gorban, said on May 12.

Oil exports via the Caspian Pipeline Consortium (CPC) rose by 3.6% to 44.3 million tonnes in 2016 and are expected to grow to almost 65 million tonnes (1.3 million barrels per day) this year.