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Caspian Pipeline Consortium boosts crude oil loading

Oil&Gas Materials 2 March 2022 16:32 (UTC +04:00)
Caspian Pipeline Consortium boosts crude oil loading

BAKU, Azerbaijan, March 2

By Nargiz Sadikhova - Trend:

The loading volumes at Marine Terminal of Caspian Pipeline Consortium (CPC) amounted to 8.4 million tons of crude oil from the beginning of the year to February 15, Trend reports citing the CPC.

This is 1.5 million higher than the same indicator in 2021. A total of 80 tankers were loaded, which is 13 vessels more than for the same period last year.

February 2022 liftings amounted to 5.4 million tons, including 4.9 million tons of Kazakh crude and 478,074 tons of Russian crude oil.

During the first month of 2022, CPC personnel and contractors worked almost 1.2 million manhours. Vehicle mileage for the same period totaled 2.4 million tons.

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), allowing tankers to be loaded safely at a significant distance offshore, including in poor weather conditions.

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Follow the author on Twitter: @nargiz_sadikh

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