55.1 M tons of crude oil were lifted at CPC Marine Terminal in 2017
CPC says it closed 2017 with record-high operation performance indicators: 55.1 M tons were exported via the Tengiz - Novorossiysk pipeline system.
Thus, the 2017 annual shipment volumes exceeded the 2016 indicators by 10.8 M tons. Then 44.3 M tons of crude oil were lifted at CPC Marine Terminal.
It should be noted, that in late 2017 CPC significantly increased lifting volumes at the Marine Terminal. Thus, in November 5,001,341 gross tons (39,621,126 barrels) of crude oil were lifted for export. December witnessed a new monthly record - 5,196,229 tons (41,103,227 barrels).
As a reminder, the significant growth of CPC Base Business indicators became possible thanks to the Project to expand the Tengiz - Novorossiysk pipeline system capacities implemented by the Consortium. In 2017 alone six new PSs were put into operation: A-PS-4A and A-PS-5A in Astrakhan Oblast, PS-8 in Krasnodar Krai, PS-5 in Stavropol Krai, A-PS-3A in Kazakhstan and PS-2 in Kalmykia, where comprehensive testing was successfully completed and the PS was put into pilot operation. In late December 2017 Rostekhnadzor issued a Statement of Conformity (SoC) of PS-2 to the technical regulations and design documentation.
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%.