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2019 March 4   12:12

Two-month crude exports via CPC Marine Terminal rose 7.2% to 10.50 million tonnes

The CPC Marine Terminal in January – February loaded 10,50 million tonnes of crude oil, a 7.2% increase on the same two-month period a year earlier (9,80 million tonnes), the CPC statistics showed.

In February alone, 4,89 million GT (38,776,451 barrels) were loaded onto 46 tankers at the CPC terminal. The tankers were handled smoothly and in a safe manner.

Of the February crude exports, 2,25 million were supplied from Tengiz field, 814,53 and 1,13 million tonnes supplied from Karachaganak and Kashagan fields, respectively, with the remainder (89,120,000 tonnes) — from other Kazakh crude oil producers.

CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. The length of the Tengiz–Novorossiysk pipeline is 1,511 km; it transports over two thirds of all Kazakhstan crude exports, as well as crude oil 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%.

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News 2019 March 4