...

Caspian Pipeline Consortium ups export of CPC Blend

Oil&Gas Materials 1 March 2017 19:12 (UTC +04:00)

Baku, Azerbaijan, March 1

By Maksim Tsurkov – Trend:

Caspian Pipeline Consortium (CPC) shipped 8.08 million tons of CPC Blend oil from Russia’s Yuzhnaya Ozereyka 2 terminal in January-February 2017 as compared to 7.72 million tons in the same period of 2016, CPC said in a message on its website Mar. 1.

CPC shareholders shipped 44.3 million tons of oil through the terminal in 2016 compared to 42.76 million tons shipped in 2015.

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).

---

Follow the author on Twitter: @MaksimTsurkov

Latest

Latest