CPC oil terminal’s exports slightly down in January-February, at 5.7m tons

In these January-February export oil shipments via the marine terminal of the Caspian Pipeline Consortium (CPC), the port of Novorossiysk dropped to 5.698.000 tons, 0.38 percent down from the last year’s two months, “Oil of Russia" reported.

The Caspian Pipeline Consortium owns and operates the 1.58.000-km-length Tengiz-Novorossiysk pipeline that connects the West Kazakhstan field with Russia's Black Sea onshore facilities. The volume of oil transportation through the marine terminal in Novorossiysk in 2009 amounted to 34.574 million tons of crude oil, up 9.9% from the previous year.

Among the CPC’s stockholders are Russian Federation holding 31% stake (through Transneft - 24% and CTC-Company - 7%), Kazakhstan (represented KazMunaiGaz - 19%, and Kazakhstan Pipeline Ventures LLC - 1,75%) with its 20.75% shares, Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO BV – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited - 2%, Eni International HA H.V. S.ar.l. - 2%, Oryx Caspian Pipeline LLC – 1.75%.