CPC Representatives, shareholders meeting and members of the CPC Board of Directors within the framework of the currently held extraordinary meetings of the Consortium governing bodies, upon invitation of АО KazTransOil, made a working visit to the Batumi Oil Terminal (BOT).
The delegation members familiarized themselves with the BOT storage tanks, including its so-called historical part – tank farm erected by Ludvig Nobel in 1883. At that time, the Partnership of Nobel Brothers constructed their first crude oil storage in Batumi.
Besides, the BOT guests studied the arrangement and operation of the railroad racks, quality control laboratory, boiler house producing steam and heating the transshipped dark products, as well as operating specifics of the BOT single point mooring.
Upon results of the visit, representatives of the CPC Shareholders highly estimated the BOT capabilities for storage and transshipment of 22 grades of crude oil and oil products.
The Batumi Oil Terminal is located on the Black Sea within the city of Batumi (Georgia) and provides to its clients the services for transshipment of crude oil and oil products from Kazakhstan, Azerbaijan, Turkmenistan, Georgia and other countries.
For reference:
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 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%.