The Caspian Pipeline Consortium (CPC) is a consortium and an oil pipeline that transports Caspian oil from the Tengiz oil field in Kazakhstan to the Novorossiysk-2 Marine Terminal, an export terminal at the Russian Black Sea port of Novorossiysk. It is one of the world's largest pipelines and a major export route for oil from the Kashagan and Karachaganak fields. The CPC pipeline transfers about 1% of global oil supply and handles almost all of Kazakhstan's oil exports. In 2021, the pipeline exported up to 1.3 million barrels per day (bpd) of Kazakhstan's main crude grade, light sour CPC Blend, which represented 80% of Kazakhstan's total oil production of 1.6 million bpd.

The pipeline's largest shareholders include Chevron and Exxon. As of 2009, the CPC pipeline was the only oil export pipeline in Russian territory not wholly owned by Transneft.

On 6 July 2022, a Russian court ordered the suspension of the pipeline for 30 days over oil spills. The CPC appealed the ruling and the suspension was lifted on 11 July of the following week, and the CPC was instead fined 200,000 rubles (US$3,300). Despite the July 6 ruling, the operator of Kazakhstan's Tengiz oil field, Tengizchevroil, said that the transfer of oil through the CPC had not been interrupted since immediate suspension of the pipeline was technically impossible and would have resulted in "irreversible consequences".

The CPC pipeline handles almost all of Kazakhstan's oil exports, which makes the country oil supply routes heavily dependent on Russia. In addition, about 15% of the rest of Kazakhstan's oil exports are also transferred through Russia(while about 5% is sent to China or to various other destinations over rail and the Caspian Sea). After the 6 July suspension of the pipeline, Kazakhstan's President Kassym-Jomart Tokayev ordered the government of his country's to diversify its oil supply routes.