CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Daily Shipments Reached Record Level in June 2017

 vpuloading.jpgIn the first half of June 2017 the total volume of crude oil shipments at the CPC Marine Terminal (Yuzhnaya Ozereevka village, Krasnodar Krai) constituted 2.4 million tons.
 Daily volumes reached 267 thousand tons, which is an absolute record of daily crude oil shipments at the Marine Terminal. Besides, major amounts were shipped on 11, 14 and 15 June: 220, 234 and 227 thousand tons respectively.

 Total crude oil shipments in June this year will be about 4.7 million tons. According to the received oil producer nominations, the 2017 oil movement plan amounts to 65 million tons. In particular, the Kazakhstan producers will account for 54 million tons, including Kashagan - 11 million tons, the Russia producers will supply 11 million tons, including Filanovsky and Korchagin oilfields – 5.4 million tons.

FYI:

The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of Tengiz-Novorossiysk pipeline is 1,511 km; more than two thirds of all export crude oil from Kazakhstan and crude oil from the Russian fields, including those in the Caspian Region, are transported by this route. 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%.