CTC Terminal ships 300mth ton of oil to Ce-Breeze
Since commissioning of the sea terminal of the Caspian Pipeline Consortium (CPC) the facility has loaded recently the 300-millionth ton of crude oil onto the tanker Ce-Breeze, the company press service said.
The first tanker (from Kazakhstan) was loaded with crude oil at the terminal on Oct. 13, 2001. In 2004, the Consortium oil pipeline system has reached its Phase 2 projected annual capacity of 28 mln tons. Two years later the facility shipped the 100-millionth ton of crude oil, and over three years – the 200-millionth ton. Throughout the period, the CPC terminal has operated in accident-free mode.
CPC pipeline system is the largest investment project with foreign participation implemented in the CIS countries. The cost of the project’s Phase 1 is $2.6 billion. The total pipeline length, connecting oil deposits in western Kazakhstan to the Russian marine oil terminal is 1,510 km. The first phase of CPC pipeline system was commissioned in April 2003. In 2010, shipments of crude oil from the terminal rose nearly 0.9% to 34.9 million tons.
Russia is CPC' major stockholder (through Transneft company) with a 31-percent stake, Kazakhstan (represented by KazMunaiGaz - 19% and Kazakhstan Pipeline Ventures LLC –1.75%) owns 20.75% of shares, Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO BV – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Ltd – 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2%, Oryx Caspian Pipeline LLC – 1.75%.
