CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC-R Leads the Rating of Russia’s Cargo Terminals in the First Half of 2021

20210721.jpgAccording to the TASS report, Caspian Pipeline Consortium-R tops the rating of the Russian stevedoring companies by cargo turnover based on January-June 2021 results. The Information Agency prepared the rating based on the data of the Commercial Seaport Association. The top Company’s turnover amounted to 30.05 mln. tons of oil, loaded on 290 tankers from the Single point moorings of CPC Marine Terminal in Yuzhnaya Ozereevka near Novorossiysk from 1 January to 30 June 2021.

According to January-June 2021 results, ten major stevedoring companies of the Russian Federation transferred 169.41 mln. tons of cargo, or 41% of the total cargo turnover of the domestic seaports. The total cargo turnover of Russia’s seaports for January-June 2021 amounted to 412.13 mln. 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%.