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Caspian Pipeline Consortium decreases export of CPC Blend

Oil&Gas Materials 3 October 2016 16:49 (UTC +04:00)

Baku, Azerbaijan, Oct. 3

By Maksim Tsurkov – Trend:

In January-September 2016, the Caspian Pipeline Consortium (CPC) shipped from the Russian Southern Ozereyka-2 terminal 31.37 million tons of CPC Blend oil against 31.5 million tons of oil in the same period of 2015, CPC said in a message posted on its website Oct. 3.

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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