Ten-month crude exports through Novorossiysk CPC terminal rise 11.2% to nearly 50 million tonnes
In January-October export of crude oil through CPC Marine Terminal at Krasnodar Territory, Russia based Port of Novorossiysk increased by 11.5% year-on-year to 49,97 million tonnes, the CPC press release said.
Of the ten-month export crude volume 23,55 million tonnes were supplied from Tengiz field, 8,46 million tonnes — from Karachaganak field and 10,71 million tonnes — from Kashagan field.
In the ten-month period, the terminal received and handled 456 tankers, 48 of them in October.
In October 2018, the CPC-R facility handled 5,11 million gross tonnes (40,343,876 barrels) of crude oil, or 458,732 GT more on the same period 2017.
Of the exports volume 2,07 million tonnes were from Tengiz field, 781,292 tonnes - from Karachaganak field, 1,41 million tonnes from Kashagan and 239,433 tonnes from other Kazakh producers. Russian shippers exported 601,958 GT of crude oil through CPC-R pipeline system.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS countries. Overall length of the Tengiz–Novorossiysk Pipeline is 1,511 km to transport over two thirds of all Kazakhstan export crude oil as well as from Russian oil fields, including the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that ensures safe loading of crude oil to tankers at offshore location and in adverse weather conditions.
CPC Shareholders: Russian Federation (through Transneft – 24% and CPC Company – 7%) owns 31%; Republic of Kazakhstan (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%.