Oil lifting from CPC Marine Terminal was suspended on 18 February 2023
due to weather conditions (strong gale force winds, high waves).
To date, storm restrictions from the Harbor Master of the port of
Novorossiysk have not been lifted, the forecast is unfavorable.
CPC Tank Farm (TF) at CPC Marine Terminal is virtually full (note: the
TF capacity is 1 mln tons of oil).
The Shippers’ crude is being received in empty tanks on the crude
pipeline line section and at the TF.
The Shippers have been notified of the current situation.
Information of the resumption of lifting (transshipment) or situation
when CPC will be forced to stop oil transportation through Tengiz-Novorossiysk
crude pipeline will be communicated later.
CPC Pipeline System is one of
the major investment projects with foreign capital in energy sector in the CIS.
The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route
transports over two-thirds of all Kazakhstan export crude, as well as crude
from Russian oil fields, including those in 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
CPC Shareholders: Federal
Agency for State Property Management represented by Transneft (trust
management) – 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. S.ar.l. – 2% and Oryx Caspian Pipeline LLC – 1.75%.