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CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Temporary Decommissioning of SPM-3

20220321-2.jpgCaspian Pipeline Consortium, following the MT operation regulatory documents, after weather improvement and cessation of related extreme stresses during loading operations carries out examination of the MT SPM (single point mooring) equipment.

An extraordinary inspection revealed damage in the form of displacement of the reinforcement carcass of one of the SPM-3 floating hoses. In this context, it was decided to decommission temporarily the above SPM for flushing and repair. Timely detection of the fault prevented the risk of oil spill into the Black Sea.

Currently, it is planned to perform additional inspections of the SPM-1 and SPM-2 equipment, after which CPC will make a decision on the necessity of carrying out preventive repairs.

The Consortium will report the obtained results later.

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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%.