Caspian Pipeline Consortium ups export of CPC Blend oil
Baku, Azerbaijan, July 3
By Leman Zeynalova – Trend:
The Caspian Pipeline Consortium (CPC) has lifted 27.28 million tons of CPC Blend oil from Russian Yuzhnaya Ozereevka – 2 terminal since the beginning of 2017 to the end of June, as compared to 21.83 million tons in the same period in 2016, reads a message posted on the consortium’s website.
At month-end June 2017, 4.69 million tons of crude oil was loaded at the Consortium Marine Terminal.
Based on submitted shipper nominations, the 2017 pumping target is 65 million tons. In particular, Kazakhstan shippers account for 54 million tons, including 11 million tons from Kashagan, and Russian shippers account for 11 million tons, including 5.4 million tons from the Filanovsky and Korchagin fields.
The consortium shipped 44.3 million tons of CPC Blend oil from Yuzhnaya Ozereevka – 2 terminal in 2016, as compared to 42.76 million tons in 2015.
CPC shareholders are Transneft (24 percent), KazMunaiGas (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).
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