Weather normalization permitted Caspian Pipeline
Consortium to resume oil lifting from the Company’s Marine Terminal on 22
February 2023.As a reminder: oil lifting was suspended on 19
February due to the actually stormy weather conditions and respective warnings
issued by the Harbor Master of the Novorossiysk Maritime Port.
Oil is loaded via the Single Point Moorings
located five km from the coastline with strict compliance with industrial and
environmental safety requirements. The SPM design allows for loading during
adverse weather conditions when traditional onshore oil lifting systems are
forced to suspend their operation.
At the same time, weather limitations that apply
to the SPM exceed the similar requirements for the coastal berths. For example,
mooring operations at the SPM and hose lifting on a tanker are carried out with
waves up to 2.5 m.
To be emphasized: CPC adheres to an
uncompromising position on the environmental protection and industrial safety
during the operation of the Consortium’s Marine Terminal equipment in the Black
Sea and the prevention of oil spill emergencies. On the basis of this attitude
and following the relevant regulations, oil lifting was stopped during the
aforesaid period, the same will also occur in the future if similar conditions
arise.
For
information:
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 conditions.
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%.