Caspian Pipeline Consortium reveals 2020 oil handling volume, reports monthly increase

BAKU, Azerbaijan, Jan. 12

By Nargiz Sadikhova - Trend:

A total of 59.02 million gross tons of crude oil were lifted from Marine Terminal (MT) of Caspian Pipeline Consortium (CPC), Trend reports citing CPC.

The largest volume of oil was loaded in March when 6.4 million tons were loaded on vessels. In December 2020, the lifting from the MT amounted to 4.9 million tons (increase month-on-month as compared to 4.7 million tons in Nov.) on 47 tankers bringing the annual number up to 572 export vessels.

Of crude lifted from the MT in 2020, 51.7 million tons of crude were delivered by Kazakh shippers, another 7.2 million tons of loaded crude came from Russia.

The largest volumes of crude came to the CPC pipeline system in 2020 from Tengiz, Karachaganak, and Kashagan fields – 26.4 million tons, 10.5 million tons, and 14.2 million tons, respectively.

From 2001 through to January 10, 2021, 706.4 million net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk crude pipeline system.

Some 616 million tons of that crude came from Kazakhstan and 90.4 million tons of crude were produced in Russia. The total number of tankers processed during that period amounted to 6,663 vessels.

The CPC Pipeline System is one of CIS's largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km; this route moves over two-thirds of all Kazakhstan export oil along with crude from Russian fields including those in the Caspian region.

CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow loading tankers safely at a significant distance offshore, also amid poor weather conditions.

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