OMAN - The Caspian Pipeline.Deuss lost the presidency of OOC OOC Out of Character (online role-playing)
OOC Out-Of-Character (gaming)
OOC Out Of Control
OOC Optical (WDM) Overhead Channel
OOC Out of Context partly because of a long dispute with Chevron (now part of ChevronTexaco) of the US over the role he played in the Caspian Pipeline Consortium The Caspian Pipeline Consortium is an international consortium of 1,510-kilometer long oil pipeline from Tengiz field to the Novorossiysk-2 Marine Terminal on Russia’s Black Sea coast. It also major export route for the oil from Kashagan and Karachaganak fields. (CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. ). Deuss wanted to dominate the venture but could not provide the funding needed. Eventually, OOC's equity in CPC was reduced to 7%.
This is a $2.3 billion venture between the governments of Oman, Russia and Kazakhstan and several companies led by ChevronTexaco. It involves a 1,510 km crude oil pipeline from the Chevron-operated Tenghiz oilfield in Kazakhstan running along the northern coast of the Caspian Sea Caspian Sea (kăs`pēən), Lat. Mare Caspium or Mare Hyrcanium, salt lake, c.144,000 sq mi (373,000 sq km), between Europe and Asia; the largest lake in the world. , across Russian territory, to a terminal on the Black Sea just north of Novorossysk's existing Russian oil terminal. The first phase of the pipeline, with a capacity of 560,000 b/d, began operating in October 2001 after many delays.
First loading at the terminal began in November 2001. The start up was delayed from the previous schedule of June because of disputes over a quality bank needed to compensate producers of better-quality crude oil for degradation of their grade by blending with inferior crudes.
As a result, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Petroleum Argus Argus Media Ltd (formerly known as Petroleum Argus Ltd) is a leading independent provider of price information, market data and business intelligence for the global petroleum, natural gas, electricity and coal industries. of Dec. 24, 2001, only the Chevron-led Tenghizchevroil group signed up to use the CPC pipeline. But Argus said other oil producers in Kazakhstan were expected to follow, including Hurricane Hydrocarbons hydrocarbons (hīˈ·drō·kärˑ·bnz),
n. of Canada which has become the third-largest oil producer in Kazakhstan.
The pipeline has enabled oil producers in Kazakhstan to raise their output to more than 800,000 b/d. Kazakhstan in 2002 will also export 110 million barrels of crude oil through Russia, under an agreement between the two governments signed in December.
Now the transportation tariffs for the whole CPC system, which the firm's shareholders pay under an agreement announced in December 2001, is $3.33 per barrel. This is approximately half the charge paid by Kazakh oil producers for shipping their output to export destinations through the old Atyrau-Samara pipeline, which also passes through Russia.
The CPC project started with an energy co-operation agreement between the governments of Oman and Kazakhstan on Juney17, 1992, which envisaged a pipeline to carry Kazakh crude oil to world markets. OOC, under Deuss, then conceived the pipeline idea and called it CPC.
Eventually, CPC was registered and based in Bermuda. But the project was delayed by complex intrigues and the dispute between Chevron and Deuss. The US major, upset by Deuss' attitude, insisted that he and OOC get out of the venture as a precondition pre·con·di·tion
A condition that must exist or be established before something can occur or be considered; a prerequisite.
tr.v. to its participation.
Finally, as Deuss lost favour in Muscat Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. , the government of Oman lowered its stake in CPC to 7% at the request of the main partners. Now US and other Western companies are the key partners in CPC. The pipeline's capacity will be increased gradually to reach 1.5 million b/d by 2014. Russia and Kazakhstan have guaranteed the volume of crude oil required for the current phase.
The current phase of the CPC system has involved improving Russia's pipeline facililty and infrastructure at the terminal on the Black Sea, and laying a 250 km pipeline of 1,020ymm diameter from Kropotkin, 50 km south of the Russian city of Tikhoretsk, to the new terminal on the Black Sea just north of Novorossyisk.
A spur line from the Karachaganak gas and condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. field is being built to carry the liquids to the Black Sea terminal, as part of the CPC system.