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Crude oil handling drops at CPC's Marine Terminal month-on-month

Oil&Gas Materials 4 February 2021 12:25 (UTC +04:00)
Crude oil handling drops at CPC's Marine Terminal month-on-month

BAKU, Azerbaijan, Feb. 4

By Nargiz Sadikhova - Trend:

Marine Terminal (MT) of Caspian Pipeline Consortium (CPC) has loaded 4.1 million gross tons (32.6 million barrels) of crude oil in Jan. 2021, which is 16.3 percent less than 4.9 million tons in Dec. 2020, Trend reports citing the CPC.

Thus, the MT handled 41 tankers in Jan. 2021, which is compared to 47 tankers in Dec. 2020.

Of crude oil lifted in January 2021, 1.7 million tons of crude was from Tengiz field, 993,792 tons from Karachaganak field, 817,329 tons from Kashagan field and 1,164 tons from other Kazakh producers.

Kazakh producers shipped in total 3.5 million tons of crude oil in Jan. 2021, and 591,209 tons of lifted crude was received from Russia.

From 2001 through to January 31, 2021, 708.9 million net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk crude pipeline system. Some 618.1 million tons of that crude came from Kazakhstan and 90.7 million tons of crude was produced in Russia.

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.

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Follow the author on Twitter: @nargiz_sadikh

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