CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Meeting of Prime Minister of the Republic of Kazakhstan with CPC Head

20220526.jpgAlikhan Smailov, Prime Minister of the Republic of Kazakhstan, had a meeting with CPC General Director Nikolay Gorban on 26 May 2022 in Nur-Sultan.

The parties discussed the matters of international cooperation in hydrocarbon transportation. CPC General Director informed the RoK Government Head of the Consortium’s 2021 performance results and plans for the current year.

At the meeting, particular attention was paid to the recent repairs on two Single Point Moorings (SPM-3 and SPM-2) of CPC Marine Terminal near Novorossiysk damaged by storms. The repairs have been currently completed successfully and all three SPMs of the Consortium are in routine operation.

In 2021, 60.7 gross million tons of crude oil were lifted from CPC Marine Terminal, almost 3% more than in 2020. December when 6.2 mln tons were loaded on vessels became the top month of 2021.

Of 60.7 mln tons of crude lifted from the Marine Terminal in 2021, 53 mln tons of crude were delivered by Kazakhstani Shippers, another 7.6 mln tons of loaded crude came from Russia. The largest volumes of crude came to CPC pipeline system in 2021 from Tengiz, Karachaganak and Kashagan fields.

In June 2019, CPC started the implementation of the Debottlenecking Program which will help to optimize the transportation process and receive additional capacities for oil pumping. In Kazakhstan, the important stages of the said work will include the upgrade of the pumps and all support systems at Tengiz PS. After completion of work of this Program, CPC will be capable of transporting up to 72.5 mln tons of oil per year from Kazakhstan with optimized use of drag reducing agents and up to 83 mln tons of oil per year with Russian Shippers’ crude.

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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%.