The Caspian Pipeline Consortium (CPC) in January-October 2010 has shipped for export from its marine terminal in the port of Novorossiysk 29,145,000 tons of crude oil, which is a 1.42-percent gain versus last year’s ten-month volume, RIA Novosti reported citing the CPCs statistics.
This October, exports through the CPC rose by 3.34% month-over-month (vs 2,941m tons) to 3.097 million tons and by 9.7% as compared to 2,824 m tons transported in September.
CPC pipeline system has been the largest transportation route for crude oil from the Caspian region to the global markets. The 1,500km-long trunk pipeline connects the fields of western Kazakhstan with Russia's Black Sea coast. At Kropotkin pumping station in the Krasnodar Territory the system receives, the oil extracted in Russia. The CTC Marine Terminal has offshore facility that ensures safe charging tankers at a considerable distance from the coast, including loading operations in unfavorable weather conditions.
In December 2009, the consortium’s stockholders approved the CPC’s expansion project to 67 million tons of crude oil. The expansion project is expected to be completed in 2014.
Among the CPC’s stockholders are the Russian Federation (through Transneft) holding a 31-percent stake, Kazakhstan (represented by KazMunaiGaz) owns 19% of shares, and Kazakhstan Pipeline Ventures LLC than holds a 20.75% stake, 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 Limited - 2%, Eni International HA H.V. S.ar.l. - 2%, Oryx Caspian Pipeline LLC – 1.75%.
This October, exports through the CPC rose by 3.34% month-over-month (vs 2,941m tons) to 3.097 million tons and by 9.7% as compared to 2,824 m tons transported in September.
CPC pipeline system has been the largest transportation route for crude oil from the Caspian region to the global markets. The 1,500km-long trunk pipeline connects the fields of western Kazakhstan with Russia's Black Sea coast. At Kropotkin pumping station in the Krasnodar Territory the system receives, the oil extracted in Russia. The CTC Marine Terminal has offshore facility that ensures safe charging tankers at a considerable distance from the coast, including loading operations in unfavorable weather conditions.
In December 2009, the consortium’s stockholders approved the CPC’s expansion project to 67 million tons of crude oil. The expansion project is expected to be completed in 2014.
Among the CPC’s stockholders are the Russian Federation (through Transneft) holding a 31-percent stake, Kazakhstan (represented by KazMunaiGaz) owns 19% of shares, and Kazakhstan Pipeline Ventures LLC than holds a 20.75% stake, 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 Limited - 2%, Eni International HA H.V. S.ar.l. - 2%, Oryx Caspian Pipeline LLC – 1.75%.