JSC Caspian Pipeline Consortium-R tops the rating of Russian stevedoring companies prepared by TASS on the basis of the RF Commercial Seaport Association’s data for January-April 2021. Turnover of the company transporting and shipping crude oil at the CPC Marine Terminal (Novorossiysk port) amounted to 19.78 million tons in January-April of this year.
Based on the January-April 2021 results ten Russian largest stevedoring companies transferred 111.14 million tons of cargo, making 41% of the total cargo turnover of the RF seaports.
Based on the January-April 2021 results total cargo turnover of the Russian seaports amounted to 268.81 million tons.
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The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in the Caspian region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions
CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, 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%.