Oil 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weather conditions (strong wind, high sea), the tankers were withdrawn to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%.