CPC Marine Terminal increases crude oil shipments
BAKU, Azerbaijan, Aug.4
By Leman Zeynalova – Trend:
In July 2020, CPC Marine Terminal (MT) shipped 4,550,003 gross tons (36,029,054 barrels) of crude oil, Trend reports citing Caspian Pipeline Consortium (CPC).
This is while in June 2020, MT shipped 4,272,199 gross tons (33,870,179 barrels) of crude oil.
In July 2019, MT lifted 5,699,630 gross tons (45,089,993 barrels) of crude oil.
MT shipped 46 tankers in July 2020. The total number of tankers handled in the first seven months of the year in Yuzhnaya Ozereyevka has reached 345.
From 2001 through July 31, 2020, 681,584,656 net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk oil pipeline system. That included 594,459,849 tons of crude oil came from Kazakhstan and 87,124,807 tons produced in Russia. The total number of tankers handled over that period has amounted to 6,420.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of Tengiz-Novorossiysk pipeline is 1,511 km; more than two thirds of all export crude oil from Kazakhstan and crude oil from the Russian fields, including those in the Caspian Region, are transported by this route. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also in poor weather conditions.
CPC Shareholders are Russian Federation (represented by Transneft – 24 percent and CPC Company – 7 percent) – 31 percent; Republic of Kazakhstan (represented by Kazmunaygaz – 19 percent and Kazakhstan Pipeline Ventures LLC – 1.75 percent) – 20.75 percent; Chevron Caspian Pipeline Consortium Company – 15 percent, LUKARCO B.V. - 12.5 percent, Mobil Caspian Pipeline Company – 7.5 percent, Rosneft-Shell Caspian Ventures Limited – 7.5 percent, BG Overseas Holding Limited – 2 percent, Eni International N.A. N.V. – 2 percent and Oryx Caspian Pipeline LLC – 1.75 percent.
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