CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Resumption of Oil Lifting From CPC Marine Terminal

On 30 November 2023, oil lifting on tankers was resumed at the Marine Terminal of Caspian Pipeline Consortium. Lifting was suspended in accordance with the storm warnings issued by the Novorossiysk Harbor Master and actual adverse weather conditions. Floating hoses and Single Point Moorings were inspected. Damage of a floating hose of SPM-3 inner string was discovered - hose kink caused by abnormal storm conditions. 
Therefore, in accordance with CPC’s uncompromising position on environmental protection and safety, also in the course of operation of the equipment of the Consortium’s Marine Terminal in the Black Sea, to prevent emergencies caused by oil spill, SPM-3 was taken out of service. There is no oil spill, no conditions exist to cause an emergency, and there is no threat to community, flora and fauna of the Black Sea.

Note that oil lifting due to weather conditions in autumn-winter and in spring is stopped regularly and is a routine event. Oil is currently being lifted from the Marine Terminal in standard mode via SPM-1 and SPM-2.

The damaged strings of the floating hoses at SPM-3 will be replaced using the available spares in stock subject to favorable weather conditions. Once SPM-3 is put back into service after replacement of damaged strings of floating hose the information will be provided.

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%,     IC CPC Company LLC – 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%.​