CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Operation of CPC Marine Terminal аnd Tengiz - Novorossiysk Crude Pipeline

vave spm4.jpgOil lifting was completely stopped at CPC Marine Terminal on 22-26 December 2023 due to weather conditions (strong wind, high sea), the tankers were withdrawn to waiting areas. Crude oil was received from Shippers in empty tanks along the crude pipeline line section and in the Marine Terminal Tank Farm.

Transportation by Tengiz - Novorossiysk Crude Pipeline was stopped on 25-28 December due to the overstocking of existing oil storage tanks. The Shippers received notices of the existing situation in a timely manner.

A brief improvement in weather conditions on 26-27 December  allowed the Consortium to resume the oil loading on tankers from the Single Point Moorings of the Marine Terminal (two tankers with the total deadweight of 218,000 tons were loaded). Then, on 28 December 2023, oil loading continued and CPC crude pipeline system is currently operating in a standard mode.

CPC adheres to an uncompromising position on the environmental protection and safety during the operation of the Consortium’s Marine Terminal equipment in the Black Sea and the prevention of oil spill emergencies. Based on this policy and due to the relevant regulations, oil lifting from CPC Marine Terminal due to weather conditions in the fall-winter period is stopped on a regular basis and is a routine procedure.

Fоr 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 PJSC Transneft (trust management) – 24 %, IC  CPC Company LLC – 7%, JSC NC 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%.​