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Caspian pipeline consortium marks the groundbreaking for $5.4B expansion

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The capacity of the 900-mile (1,500-km) pipeline, which carries crude oil from western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 The project will be implemented in three phases with capacity increasing progressively from 2012 to 2015. ENI International (N.A.) Kazakhstan Pipeline Ventures L.L.C.:

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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The collapse in prices may mean we don’t see more white elephants like the Kashagan project in Kazakhstan, an offshore boondoggle that has required more than a decade of development, tens of billions of dollars, and still won’t come online for a few more years.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. Click to enlarge. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.

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