Crude oil shipments from CPC’s Marine Terminal in Jan-Feb'18 up 16.8% Y-o-Y to 9.44 million tonnes
In January-February 2018, crude oil shipments from CPC’s Marine Terminal in Novorossiysk (Krasnodar Territory) totaled 9.44 million tons, up 16.8% Y-o-Y, says CPC statistics.
In February 2018, the CPC Marine Terminal shipped 4 592 875 tons (36 400 671 barrels) of crude oil, which is by 687 198 tons more than in the same period last year. All in all, year to 1 March 90 tankers were loaded, 42 out of them in February.
You may recall that on 27 February 2018 the Marine Terminal of the Consortium handled the 5000th tanker from the commencement of its operations. The total of 531 237 928 tons of crude oil were supplied to the world markets from 2001 to 1 March 2018 via the Tengiz-Novorossiysk pipeline system. Out of them, more than 461 million tons of crude oil of Kazakhstan shippers and almost 70 million tons produced in Russia.
The CPC oil pipeline transports about 75% of all export crude oil resources of Kazakhstan.
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 pipeline connecting oil fields in Western Kazakhstan with the Marine Terminal in Novorossiysk is 1,511 km. CPC’s Marine Terminal is equipped with Single Point Moorings that allow to load tankers safely at a significant distance offshore, including bad 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%.