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Press Release 27.06.2003 |  | |
For immediate release
June 27, 2003
Natalia Prutkovskaya
Vladimir Bouianov
June 27, 2003 – Moscow –
The Caspian Pipeline Consortium (CPC) and OOO CNPC- Aktobemunaigaz signed an oil transportation agreement and have begun shipping oil. Under the agreement, OOO CNPC-Aktobemunaigaz transports crude from the Aktubinsk region, using the Republic of Kazakhstan’s access rights in CPC.
Currently CPC is transporting the crude of five shippers in Kazakhstan. CPC pumps about 1.2 – 1.3 million tons of crude oil per month and the volumes are progressively increasing.
In May 2003 CPC started pumping oil from Alibekmola and Martyshi oil fields in Kazakhstan. The shippers of this crude are TOO Kazakhoil-Aktobe and ZAO Trading House of KazMunaiGaz. They use the access rights of CPC shareholder Kazakhstan Pipeline Ventures LLC. CPC has already loaded a tanker with 65,000 tons of crude oil belonging to TOO Kazakhoil-Aktobe at the Marine Terminal near Novorossiysk.
CPC also has a transportation agreement with Karachaganak Petroleum Operating B.V., who is a shipper affiliated with several CPC shareholders and will supply crude hydrocarbons from the Karachaganak field. It is expected that Karachaganak’s crude will enter the CPC pipeline within the next two months.
On Wednesday, June 25, CPC completed the loading of the 180th tanker since the beginning of operations in October 2001. As of June 26, CPC has shipped 18.9 million tons of oil. Since the beginning of this year, CPC has shipped 6.85 million tons of oil.
The multi-national ownership interest in CPC is as follows: Russian Federation – 24%, the Republic of Kazakhstan – 19%, Sultanate of Oman – 7%, 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.) NV –2%, BG Overseas Holding Limited – 2%, Kazakhstan Pipeline Ventures LLC – 1.75%, and Oryx Caspian Pipeline LLC – 1.75%.
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