"We have at least four options for transportation of oil from the Caspian fields - it is the CPC (Caspian Pipeline Consortium), the Baku-Ceyhan Pipeline, the delivery to our Volgograd refinery, and the Baku-Novorossiysk", Dmitry Dolgov said.
The company is currently exploring all possible options, having talks with potential partners, in particular with Transneft (the operator of the Russian leg of the Baku-Novorossiysk), with the CTC, with the stockholders of the Baku-Tbilisi-Ceyhan pipeline.
Next week, the first tanker Yury Korchagin will be loaded and carry crude oil from the Caspian fields of LUKOIL. However, the decision on the transportation route has not been made as yet. For the first shipment of crude from the field the company has already chartered a 8,000DWT tanker. According to Dmitry Dolgov, the route selection for first shipment does not actually mean that oil will be transported only via this lane.
The deposit named after the former chairman of the board of directors of LUKOIL Yury Korchagin, was discovered in 2000. It is located in the Russian sector of the Caspian Sea, on the Shirotnaya, 180 km from Astrakhan, and 240 km from Makhachkala. The sea depth - 11-13 m. Crude oil extraction in the North Caspian Sea, carried out by LUKOIL-Nizhnevolzhskneft, began in April 2010.