Chevron, Transneft open talks on Caspian Pipeline expansion - ATLANTA, Ga. – According to the Atlanta-based Energy Pipeline News newsletter, U.S. oil major Chevron and Russian state-owned oil company Transneft have opened talks on expanding the Caspian Pipeline Consortium (CPC) system. Expansion of the CPC system is key to the future of the proposed Burgas-Alexandroupolis crude oil pipeline.