In November
2023, storm restrictions on transshipment were repeatedly announced at the
Novorossiysk seaport, which CPC strictly followed.As a
reminder: oil is lifted from CPC Marine Terminal via Single Point Moorings
(SPM) 5 km away from the shoreline with strict compliance with the 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.
Currently in
the area of Novorossiysk, there are extremely unfavorable weather conditions:
wind up to 22-24 m/s (79.2-86.4 km/h), wave height 6-8 meters.
Novorossiysk
seaport master announced a storm warning, according to which oil loading was
stopped at CPC Marine Terminal and tankers were withdrawn to waiting areas. The
Company's tank farms are virtually full. Therefore, crude oil is accepted from
the Shippers at lower flowrates.
To be emphasized:
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. On the basis of this
attitude and following the relevant regulations, oil lifting has currently been
suspended and the will also be the case in the future when similar conditions
occur.
The
resumption of loading to be advised.
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%.