Oil shipments via CPC Marine Terminal in 2M’2020 declined by 0.2% YoY to 10.48 million tonnes
In February 2020, CPC Marine Terminal (MT) lifted 4 875 548 gross tons (38 629 834 barrels) of crude oil, 46 tankers were handled.
Out of the 4 875 548 tons lifted in February 2020, 2 385 647 tons of crude was from Tengiz field, 947 033 tons from Karachaganak field, 1 104 378 tons from Kashagan field and 123 952 tons from other Kazakhstani producers.
In February, the Kazakhstan`s producers shipped in total 4 561 010 tons of crude, and 314 538 tons of lifted crude was received from the Russian territory.
From 2001 through February 29, 2020, 656 336 631 net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk crude pipeline system. 572 388 929 tons of that crude came from Kazakhstan and 83 947 702 tons of crude was produced in Russia. 6 174 tankers were handled during this period.
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 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.
