Crude exports via CPC Marine Terminal grew by 11.5% to 40.32 million tonnes in 8M’18
In January-August 2018, CPC Marine Terminal in Novorossiysk (Krasnodar Territory) loaded 40.32 million tons of crude oil, up 11.5% Y-o-Y, says CPC statistics.
In the 8-months period, the terminal handled 366 tankers including 44 tankers handled in August.
In August 2018, CPC-R loaded 4.72 gross tons (37,282,424 barrels) of crude oil at the CPC-R Marine Terminal, which is 308,608 tons more year-on-year.
Out of the 4,725,374 tons shipped, 1,939,180 tons of crude oil were from Tengiz field, 830,658 tons - from Karachaganak field, 986,682 tons - from Kashagan field and 968,854 tons - from other producers. In August, the Russian Shippers exported 723,764 gross tons of crude through CPC-R pipeline system.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. 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%.
