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Caspian Pipeline Consortium increases export of CPC Blend

Oil&Gas Materials 9 February 2016 17:19 (UTC +04:00)
In January 2016, the Caspian Pipeline Consortium (CPC) shipped from the Russian Southern Ozereyka-2 terminal 3.91 million tons of CPC Blend oil against 3.57 million tons of oil in the same period of 2015.

Baku, Azerbaijan, Feb. 9

By Maksim Tsurkov - Trend:

In January 2016, the Caspian Pipeline Consortium (CPC) shipped from the Russian Southern Ozereyka-2 terminal 3.91 million tons of CPC Blend oil against 3.57 million tons of oil in the same period of 2015, according to the CPC report posted on its website Feb. 9.

In 2015, CPC's shareholders shipped from the terminal 42.76 million tons of oil, produced from Tengiz and Karachaganak fields in Kazakhstan, compared to 39.96 million tons shipped in 2014.

The shareholders of the CPC pipeline with a length of 1,510 kilometers 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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