Сaspian Pipeline Consortium unlikely to increase tariffs for oil shipments

Oil&Gas Materials 4 April 2018 18:27 (UTC +04:00)

Baku, Azerbaijan, April 4

By Ali Mustafayev – Trend:

The Caspian Pipeline Consortium (CPC) does not plan to change the tariffs for its services in 2018, CPC General Director Nikolai Gorban said at a press conference, Kazakh media outlets reported.

"Presently, we do not plan to change the tariffs, and the shareholders don’t hold discussions on this issue," Gorban said.

He also stressed that the CPC’s expansion project has actually been completed.

"The mechanical capacity of the pipeline system is 67 million tons, which is the project figure that we reached in December, 2017," Gorban said.

In March 2018, the Caspian Pipeline Consortium (CPC) Sea Terminal has set a new record for monthly oil shipment.

The volume of oil transshipment amounted to 5,506,294 tons (43,609,021 barrels), which is almost 6 percent higher than the previous record set in December 2017 (when 5,196,229 tons of oil were transported through the CPC Sea Terminal).