2019 January 10 13:36

CPC Marine Terminal loaded 61.08 million tonnes of crude oil in 2018, up 10.8% YoY

In 2018, the CPC Marine Terminal loaded 61,084,031 gross tons of crude oil, 5,976,056 tons up on its 2017 results, setting a new annual loading record for the CPC oil port. According to the company, loading was at the most accelerated tempo in December: over 5,954,994 tons (47,142,565 barrels) were loaded into the tanks of oil carrier ships during that period. In December 2018, 55 tankers set off on a voyage from the single point moorings, which allowed to record an annual of 558 vessels.

Out of the just over 61 million tons of oil loaded at the Marine Terminal in 2018, 54.3 million tons of crude oil were supplied by Kazakhstan shippers, another 6.8 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 - 28.7 million tons, 10.3 million tons, and 13.2 million 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%.