In 2024, Caspian Pipeline Consortium’s Marine Terminal loaded 63,009,481 tons of oil on 584 tankers.
The largest volumes of oil in 2024 were received into CPC Pipeline System from Tengiz, Karachaganak and Kashagan fields - 26,819,535 tons 9,816,458 tons and 17,209,596 tons, respectively.
Thus, from 2001 through to 31 December 2024, 951,086,380 tons of crude oil were delivered to the world markets via Tengiz - Novorossiysk Crude Pipeline System.
In accordance with the Shippers’ nominations for 2024, the forecast volumes amounted to approximately 70 mln tons of oil. This figure was included in the CPC budget, which planned the Company's financial expenditures on capital and operational projects and the power redundancy to ensure oil pumping, DRA purchase and other expenditures related to supporting safe, accident-free and sustainable operation of Tengiz - Novorossiysk crude pipeline.
It should be noted that in May 2024, at the meeting of CPC corporate governance bodies an issue was raised about anticipated reduction of oil transportation volumes by 7% compared to the budgeted numbers. The reduction of the forecast volumes until the end of 2024 was caused by a failure to fulfil the Shippers’ preliminary nominations. It was pointed out that the said factor had a significant impact on the Consortium’s revenues and the amount of dividends payment to CPC Shareholders.
Caspian Pipeline Consortium reports that in 2024 all volumes of oil actually delivered into Tengiz - Novorossiysk system in 2024 were transported to CPC Marine Terminal and loaded on tankers. At the same time, in 2024, there were no abnormal or emergency shutdowns of oil transportation, nor any other factors in 2024 on the part of the Consortium affecting reduction of oil production by CPC Shippers and their failure to meet their preliminary nominations for oil transportation.
Caspian Pipeline Consortium communicates information on scheduled and preventive maintenance to all Shippers well in advance and this information in also taken into account by the Ministry of Energy of the Republic of Kazakhstan in developing an annual schedule for oil transportation through Tengiz - Novorossiysk crude pipeline. Thus, the planned work of all participants in the process of oil production and transportation through the CPC crude pipeline is ensured
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CPC Pipeline System is one of the major projects 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 oil, and 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.
CPC Shareholders: Russian Federation – 24 %, IC CPC Company (LLC) – 7%, NC KazMunayGas JSC – 19%, Kazakhstan Pipeline Ventures LLC – 1.75%, Chevron Caspian Pipeline Consortium Company – 15%, Lukoil International GmbH - 12.5%, Mobil Caspian Pipeline Company– 7.5%, Rosneft-Shell Caspian Ventures Limited– 7.5%, BG Overseas Holdings Limited– 2%, Eni International N.A. N.V. S.ar.l. – 2% and Oryx Caspian Pipeline LLC – 1.75%.