MOSCOW ugg shoponline, Nov. 5 (UPI) -- Russian oil pipeline company Transneft has increased its stake in the Caspian Pipeline Consortium by acquiring Oman's 7 percent share vendita ugg online, officials said Wednesday. CPC represents a 938-mile oil pipeline from the Tengiz oil field in western Kazakhstan to the Russian Novorossiysk port on the Black Sea. The capacity ugg calzature, which also relies on the Kashagan oil field and Karachaganak gas condensate field billige ugg, is around 670 ugg boots norge,000 barrels per day. The 7 percent acquisition brings the total share held by Transneft to 31 percent ugg oslo, the Platts news agency said. Other shareholders include Chevron and several joint ventures with BP ugg boots schweiz, Shell and ExxonMobil. Oman had hinted it was eager to pull out of the project because of the vast shareholder makeup and project inefficiency. BP has expressed similar complaints ugg günstig, pointing to complex plans to expand the pipeline as an obstacle. The CPC consortium said increasing pipeline capacity was desirable ugg onlineshop, and in May Russia and Kazakhstan agreed to plans to move in that direction by 2012. Oman said the Transneft deal was worth around $700 million.

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