Caspian Pipeline Consortium ups export of CPC Blend oil

Oil&Gas Materials 7 June 2017 16:00 (UTC +04:00)

Baku, Azerbaijan, June 7

By Maksim Tsurkov – Trend:

Caspian Pipeline Consortium (CPC) shipped 22.59 million tons of CPC Blend oil from Russia’s terminal Yuzhnaya Ozereyka-2 in January-May 2017, as compared to 18.43 million tons in the same period of 2016, reads a message posted on the CPC website June 7.

The consortium shipped 4.87 million tons of CPC Blend from the terminal in May 2017.

The consortium shipped 44.3 million tons of CPC Blend from the terminal in 2016 compared to 42.76 million tons shipped in 2015.

CPC shareholders are Transneft (24 percent), KazMunayGas (19 percent), Chevron (15 percent), LUKARCO (12.5 percent), Mobil Caspian Pipeline Company (7.5 percent), Rosneft Shell Caspian Ventures Ltd. (7.5 percent), CPC Company (7 percent), BG Overseas Holdings Limited (2 percent), Eni (2 percent), Kazakhstan Pipeline Ventures (1.75 percent) and Oryx Caspian Pipeline (1.75 percent).