News

2019 December 3 11:31

Oil shipments via CPC Marine Terminal climbed by 4.2% to 57.42 million tonnes in 11M’19

In November 2019, CPC Marine Terminal (MT) lifted 5 463 814 gross tons (43 256 431 barrels) of crude oil, 51  tankers were handled. According to the company’s press release, November lifting schedule was completed in full.

As a note, 541 oil tankers were handled at the MT in January-November 2019, which took 57 421 251 gross tons of crude in their tanks.  

Out of the 5 463 814 tons lifted in November 2019, 2 491 266 tons of crude was from Tengiz field, 938 473 tons from Karachaganak field, 1 392 980 tons from Kashagan field and 133 465 tons from other Kazakhstani producers.

In November, the Kazakhstani producers shipped in total 4 956 184 tons of crude, and 507 630 tons of lifted crude was received from the Russian territory.

From 2001 through November 30, 2019,  640 021 681 net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk crude pipeline system. 557 769 250 tons of that crude came from Kazakhstan and 82 252 431 tons of crude was produced in Russia.

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.