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  • Throughput of CPC Marine Terminal in 2021 rose by almost 3% YoY
  • 2022 May 25 11:59

    Throughput of CPC Marine Terminal in 2021 rose by almost 3% YoY

    The annual number of vessels processed near Novorossiysk was 585 tankers

    In 2021, 60,727,798 gross tons of crude oil were lifted from CPC Marine Terminal, almost 3% more than in 2020, according to the company’s press release. The annual number of vessels processed near Novorossiysk was 585 tankers.

    In 2022, the Consortium’s important achievements included over 14 million worked man-hours without incidents and over 31 million km of the total run of the motor vehicles without MVAs.

    At its Meeting, CPC-R Board of Directors discussed the implementation progress of the Debottlenecking Program. Upon its completion in 2023, the CPC crude pipeline throughput capacity will be increased up to approximately 80 million tons of oil per year.

    CPC corporate governance bodies’ participants listened to the report on repairs of SPM-3 and SPM-2 damaged by storms. Particular attention was paid to the situation with the supplies of spares and equipment of foreign manufacturing and replenishment of emergency stock in the warehouses and CPC current litigation processes.

    The Shareholders reviewed CPC-R and CPC-K Financial statements and passed resolutions on profit (dividends) distribution for 2021. Payments exceeding 42 billion Rubles (about 586 million US Dollars) will be made to the Shareholders in June-July 2022.

    As a note, the Russian Federation President’s Decree No. 95 dated 05.03.2022 established a temporary procedure for fulfillment by residents of their credit, loan and financial instruments liabilities to foreign lenders related to hostile foreign states, the list of which was approved by the RF Government’s Resolution. Such liabilities shall be settled in Rubles through a type C bank account to be opened by the resident with a Russian credit institution in the foreign lender’s name.

    Decree No.95 authorized the Ministry of Finance and Bank of Russia to issue permissions to residents to discharge their aforesaid liabilities directly in foreign currency in line with the former procedure, that is, without using the type C bank accounts.

    As a follow-up to CPC’s appeals to the governmental bodies, the Commission of the Russian Federation Ministry of Finance in coordination with the RF Central Bank took a positive decision in terms of approval of the payment of dividends for the year 2021 in foreign currency to CPC Shareholders without using the type C accounts (except for ROSNEFT-SHELL CASPIAN VENTURES LIMITED).

    In the course of the Company’s governance bodies’ meetings, CPC-R Board of Directors’ and Audit Commission’s memberships were elected and auditors for 2022 fiscal year were approved.

    The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in the Caspian region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions

    CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, 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%.




2022 July 1

16:23 Austal USA awarded up to US$3.3 bn contract for 11 USCG offshore patrol cutters
16:07 Freeport LNG says it may resume partial liquefication operations in early Oct 2022
15:47 TotalEnergies Marine Fuels and MOL Group complete first biofuel bunker operation of a vehicle carrier in Singapore
15:28 State Duma approves bill on increasing fines for violation of coal handling regulations
15:10 DEME Group lists on Euronext Brussels
14:49 CPC Marine Terminal operates two of its three Single Point Moorings
14:27 CPC Terminal paid over RUB 5.28 billion for recovery of damage caused by oil spill
14:27 PM Fumio Kishida says Sakhalin 2’s new operator will not cause an immediate halt in LNG shipments to Japan
14:05 Spartacus nominated for KNVTS Ship of the Year
13:42 2 MOL-operated vessels earn 2021 'Best Quality Ship Awards'
13:20 Port of Houston container activity rises 20% in May 2022
13:03 Petersburg Oil Terminal confirms its ISO compliance
12:44 Monthly LNG imports from USA to EU in June for the first time exceeded gas supplied via pipeline from Russia – IEA
12:40 Solstad Offshore announces contract awards for two CSVs
12:25 Russian Railways' network loading fell by 2.8% in HI’2022
12:10 Maersk Tankers launches a new digital solution to track and report vessel emissions
12:00 Hiab launches next generation LOGLIFT forestry cranes
11:42 RF Government to establish new operator of Sakhalin Energy
11:30 Port of Rotterdam Authority abandons Normal Amsterdam Water Level after 200 years
11:18 Prelude FLNG cancels cargo deliveries amid union strike - Natural Gas Intelligence
11:01 INPEX, IHI, MOL demonstrate clean ammonia supply chain linking UAE and Japan
10:33 Maersk to reduce transit times by 5 -21 days from Asia to Northern Italy
10:21 Rosatom issued first five permits for navigation in NSR waters within summer-autumn season of 2022
10:15 The Twin-Port V project of the ports of Helsinki and Tallinn receives a total of EUR 6.8 million in EU funding
10:09 GTT signs a major contract for its "smart shipping" solution with an important player in liquefied gas shipping
09:52 Ports of Stockholm and CMB.TECH join forces in a hydrogen collaboration at Stockholm Norvik Port
09:16 Crude oil futures decrease in response to OPEC+ decisions
09:05 MABUX: Firm downward trend to continue in Global bunker market on July 01
08:32 Boskalis and Keppel sell their harbor towage activities in Singapore and Malaysia to Rimorchiatori Mediterranei
08:07 CMA CGM and ENGIE set to co-invest in the Salamander project, to produce second-generation biomethane
07:51 Industry-leading digital services rolled out at APM Terminals Valencia

2022 June 30

18:41 Ocean Yield agrees to purchase two 36,000 cbm liquified ethylene gas carrier newbuildings
18:12 Aker Solutions wins 5-year partnership agreement with Vår Energi
18:07 The icebreaking season 2021–2022 was exceptionally long - Finnish Transport Infrastructure Agency
17:47 The Signal Group launches a tech enabled bunker procurement company
17:34 2,8 million euro worth of EU funding to the Port of Tallinn
17:02 The Suez Canal Economic Zone hosts a round table discussion in coordination with the European Bank for Reconstruction and Development
16:47 Rosmorrechflot estimated excess of Caspian Basin seaports’ capacity at 12 million tonnes per year
16:35 Second Great Lakes Dredge & Dock Company trailing suction hopper dredge to be built to ABS Class at Conrad Shipyard
15:30 RF Government to subsidize banks’ interest rates on loans provided for construction of new transport and logistics centers
15:02 Schedule reliability remains between 30% and 40% - Sea-Intelligence
14:44 Khabarovsk Shipyard lays down non-self-propelled dredger of Project 4395
14:23 Ocean Yield AS announces delivery of newbuilding Suezmax tanker with 10-year charter
13:49 MABUX: Bunker Weekly Outlook, Week 26, 2022
13:32 Shipping companies and Customs authorities come together to step up the fight against narcotics trafficking
13:02 NYK becomes signatory to UN’s Sustainable Ocean Principles
12:42 DP World and NIIF announce broadening of partnership in India
12:12 MacGregor signs a five-year service agreement with Color Line
11:52 TGE Marine announces contract for two CO2 carriers
11:35 Shell to sign deal with Qatar for large LNG project - Bloomberg
11:17 Throughput of Russian seaports in H1’22 is flat, y-o-y, at 412.1 million tonnes
11:13 Shell and CMA CGM sign LNG fuel supply agreement in Singapore
10:38 G7 reaffirms the commitment to phase out the dependency on Russian energy
10:34 Northern Shipping Company’s MV Kholmogory delivered first batch of cargo to Kaliningrad
09:59 RF Ministry of Industry and Trade to develop mechanisms to support modernization of shipbuilding facilities by private companies
09:35 UNCTAD issues report about effects of the military operation in Ukraine on maritime trade logistics
09:16 Crude oil futures rise amid heightening geopolitical tension
08:58 MABUX: Slight downward correction in Global bunker market on June 30

2022 June 29

18:37 StormGeo partners with DNV to offer anti-roll assistance and seakeeping services
18:18 Krasnaya Kuznitsa Shipyard lays down lead passenger ship for Arkhangelsk Region