In January-November 2007, Caspian Pipeline Consortium (CPC) increased oil shipment via the Marine Terminal in Yuzhnaya Ozereyka near Novorossiysk by 5.1%, year-on-year, to 29.943 million tonnes, Interfax reports according to Yuga.Ru. In November, the shipment fell by 15.58% against September to 2.464 million tonnes (-13%, year-on-year).
CPC owns Tengiz-Novorossiysk pipeline dedicated to transporting oil from the Tengiz oil field in western KazakhstanRussia's Black Sea coast (1,580 kilometers long). In 2006, it transported 31.121 million tonnes of oil. The project’s design capacity is 67 million tonnes of oil. to
The interests of the CPC Founding Governments are as follows: Russia – 24%, Kazakhstan – 19%, Sultanate of Oman – 7%. Private oil companies participating in the Consortium are Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. - 12,5%, Rosneft-Shell Caspian Ventures Limited - 7,5%, Mobil Caspian Pipeline Company - 7,5%, Agip International (N.A.) N.V. - 2%, BG Overseas Holding Limited - 2%, Kazakhstan Pipeline Ventures LLC - 1,75% and Oryx Caspian Pipeline LLC - 1,75%.