4.84 mln t of crude oil lifted from Marine Terminal of Caspian Pipeline Consortium in Jan'18, up 16% Y-o-Y (photo)
In January 2018, 4,848,292 tons (38,406,924 barrels) of crude oil were lifted from the Marine Terminal of Caspian Pipeline Consortium (Yuzhnaya Ozereevka, Krasnodar Krai), or 669,375 tons more than during the same period of the last year.
The company says, from the beginning of 2018 through February 1, 46 tankers were loaded at the Marine Terminal. Due to the unfavorable weather conditions in late January 2018, which made tanker loading more difficult, 3 shipments were deferred to February 2018. As of February 1, 2018, 2 January lifting are being completed.
As a reminder, 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 - 1,196,229 tons (41,103,227 barrels).
Throughout the entire period since the completion of the construction and subsequent operation of the Marine Terminal, no violation of industrial and environmental safety have been committed, lifting has been accomplished without any oil spill incidents.
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%.