Crude exports via CPC terminal up 25.5% to 49.91 mln t in 11M’17
Based on November 2017 results 5,001,341 gross tons (39,621,126 barrels) of crude oil were loaded from the Caspian Pipeline Consortium Marine Terminal. This is an all-time record for monthly loadings over the entire period of CPC operations. According to CPC, the previous record was also achieved this year: 4,929,486 tons (38,990,365 barrels) were loaded onto tankers in March.
Since the beginning of 2017 to date 50 million gross tons of crude oil have been loaded at the Marine Terminal, of which 45 million tons have been received from Kazakhstan shippers, and around 5 million gross tons from Russian shippers.
Throughout the entire period since the completion of the construction and subsequent operation of the Marine Terminal, no violation of industrial and environmental safety have been committed, lifting has been accomplished without any oil spill incidents.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector 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%.