Baku, Azerbaijan, Dec.18
By Nigar Guliyeva - Trend:
The Caspian Pipeline Consortium announced that 503 tankers have been loaded at the CPC Marine Terminal and shipped 52.8 million tons of crude from early 2017 to Dec.18.
The company reported that for the first time in CPC’s history over five hundred export tankers sailed off from the Terminal during the year.
Some 435 tankers were loaded at the CPC Marine Terminal in 2016, which is more by 26 tankers than in 2015.
In November 2017, the CPC Marine Terminal shipped 5,001,341 gross tons (39,621,126 barrels) of crude oil, thus breaking an all-time record for monthly loading over the entire period of CPC operations.
The previous record was achieved in March, when 4,929,486 tons (38,990,365 barrels) were loaded onto tankers.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of the Tengiz–Novorossiysk Pipeline is 1,511 km; it transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region.
The CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also amid poor weather conditions.
CPC Shareholders: Russian Federation (represented by Transneft – 24% and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunayGaz – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% and Oryx Caspian Pipeline LLC – 1.75%.