Crude exports via CPC terminal up 17.6% to 17.72 mln t in 4M’17 (photo)
In April 2017 CPC lifted 4 705 811 tons of crude oil (37 173 004 barrels). CPC says a record was set in March with 4 929 486 tons of crude oil (38 990 365 barrels) loaded to the tankers at Marine Terminal.
The lifting volume decrease in April was caused by a scheduled 56-hour shutdown of the pipeline system for the maintenance purposes and tie-in of the new facilities built as a part of the Expansion Project.
About 18 tons on crude oil (approx. 140 million barrels) was lifted since the year start until the end of April. Since the beginning of the operations CPC lifted over 4.5 thousand tankers with almost 480 million tons of crude oil.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of the pipeline connecting oil fields in Western Kazakhstan with the Marine Terminal in Novorossiysk is 1,511 km. CPC’s Marine Terminal is equipped with Single Point Moorings that allow to load tankers safely at a significant distance offshore, including bad weather conditions.
CPC Shareholders: Russian Federation (represented by Transneft – 24% and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunayGaz – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% and Oryx Caspian Pipeline LLC – 1.75%.