ASTANA, Kazakhstan, January 16. About 63.5 million tons of oil were shipped at the sea terminal of the Caspian Pipeline Consortium (CPC) in 2023, which is a record figure in the entire history of the Consortium’s activities, Trend reports.
Of this volume, Kazakhstan's oil accounted for 56 million tons, while 7.4 million tons accounted for Russia.
This was stated during a meeting between Chairman of the Board of KazMunayGas JSC (Kazakhstan's national oil and gas company) Magzum Mirzagaliyev and General Director of CPC Nikolay Gorban.
At the same time, during the meeting, the parties discussed plans for 2024.
"I would like to express my gratitude to our partners for the measures taken to repair the remote mooring device at the CPC terminal in 2023. This made it possible to remove restrictions on the throughput of the pipeline system. In addition, we worked together to supply two systems of remote mooring devices for CPC-R in 2026," Mirzagaliyev noted.
The CPC pipeline system is one of the largest investment projects in the energy sector with the participation of foreign capital in the CIS. It is unique in its own way, especially in the current political and economic situation in the region and the world. The length of the Tengiz – Novorossiysk oil pipeline is 1,511 km. More than two-thirds of all Kazakh oil exports, as well as raw materials from Russian fields, including those located in the Caspian Sea, are transported along this route.
CPC shareholders include: Federal Agency for State Property Management represented by Transneft PJSC (trust management) - 24 percent, CPC Company - 7 percent, KazMunayGas - 19 percent, Kazakhstan Pipeline Ventures LLC - 1.75 percent, Chevron Caspian Pipeline Consortium Company – 15 percent, LUKARCOB.V. – 12.5 percent, Mobil Caspian Pipeline Company – 7.5 percent, Rosneft-Shell Caspian Ventures Limited – 7.5 percent, BG Overseas Holdings Limited – 2 percent, Eni International N.A. N.V. S.ar.l. – 2 percent and Oryx Caspian Pipeline LLC – 1.75 percent.