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Export of CPC Blend oil increases

Oil&Gas Materials 12 January 2017 20:32 (UTC +04:00)

Baku, Azerbaijan, Jan. 12

By Maksim Tsurkov – Trend:

The Caspian Pipeline Consortium (CPC) shipped 44.3 million tons of CPC Blend oil from the Russian Southern Ozereyka 2 terminal in 2016, as compared to 42.76 million tons of oil in the same period of 2015, CPC said in a message posted on its website Jan. 12.

The shareholders of the CPC pipeline are Transneft (24 percent), KazMunaiGas (19 percent), Chevron (15 percent), LUKARCO (12.5 percent), Mobil Caspian Pipeline Company (7.5 percent), Rosneft-Shell Caspian (7.5 percent), CPC Company (7 percent), BG (2 percent), Eni (2 percent), Kazakhstan Pipeline Ventures (1.75 percent) and Oryx Caspian Pipeline (1.75 percent).

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Follow the author on Twitter: @MaksimTsurkov

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