CPC Marine Terminal loaded 5.61 million tonnes of crude oil in January 2019, up 16% YoY
In January 2019, the CPC Marine Terminal loaded 5,612,096 tons of crude oil (44,526,503 barrels), which is almost 16% higher as compared with January 2018 (+763,904 tons). According to the company, 55 53 tankers set off on a voyage from the single point moorings which complies with the company’s plans for January.
Out of the just over 5,612,196 tons of oil loaded at the Marine Terminal in January 2019, 4,896,057 million tons of crude oil were supplied by Kazakhstan shippers, another 716,139 million tons of oil coming from Russia. The largest oil volumes came into the CPC pipeline system in 2018 from the Tengiz, Karachaganak and Kashagan fields - 2,635,209 tons, 929,178 tons, and 1,247,823 tons respectively.
CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. The length of the Tengiz–Novorossiysk pipeline is 1,511 km; it transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also amid poor 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%.