Caspian Pipeline Consortium (CPC) in January-June 2010 has shipped for export from its marine terminal at the port of Novorossiysk, 17,102,000 tons of crude oil, or 0,4% down from than the same period in 2009, Today.kz. reports.
In June, crude exports via the CPC reached 2.661 million tons, 11% below the May level and a 6.6-percent drop from June 2009.
CPC pipeline is the largest pipeline route for transportation of oil from the Caspian region to the world market. Main pipeline with total length of 1,5 km links the fields of Western Kazakhstan with the Russian Black Sea coast. At Kropotkin oil pumping station in the Krasnodar Territory the pipeline system receives and Russian oil. CTC Marine Terminal offshore charging facility allows loading oil on tankers at a considerable distance from the coast under unfavorable weather conditions.
CPC stockholders are the Russian Federation (Transneft) holding a 31-percent stake, Kazakhstan (represented by KazMunaiGaz with 19% of stocks, and Kazakhstan Pipeline Ventures LLC - 20,75%), Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO BV - 12,5%, Mobil Caspian Pipeline Company - 7,5%, Rosneft-Shell Caspian Ventures Ltd. - 7,5%, BG Overseas Holding Ltd - 2%, Eni International HA H.V. S.ar.l. - 2%, Oryx Caspian Pipeline LLC - 1,75%.
Last December the stockholders approved the CPC’s capacity expansion project to 67 million tons a year. The project is expected to be completed in 2014.
In June, crude exports via the CPC reached 2.661 million tons, 11% below the May level and a 6.6-percent drop from June 2009.
CPC pipeline is the largest pipeline route for transportation of oil from the Caspian region to the world market. Main pipeline with total length of 1,5 km links the fields of Western Kazakhstan with the Russian Black Sea coast. At Kropotkin oil pumping station in the Krasnodar Territory the pipeline system receives and Russian oil. CTC Marine Terminal offshore charging facility allows loading oil on tankers at a considerable distance from the coast under unfavorable weather conditions.
CPC stockholders are the Russian Federation (Transneft) holding a 31-percent stake, Kazakhstan (represented by KazMunaiGaz with 19% of stocks, and Kazakhstan Pipeline Ventures LLC - 20,75%), Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO BV - 12,5%, Mobil Caspian Pipeline Company - 7,5%, Rosneft-Shell Caspian Ventures Ltd. - 7,5%, BG Overseas Holding Ltd - 2%, Eni International HA H.V. S.ar.l. - 2%, Oryx Caspian Pipeline LLC - 1,75%.
Last December the stockholders approved the CPC’s capacity expansion project to 67 million tons a year. The project is expected to be completed in 2014.