Oil shipments via CPC Marine Terminal climbed by 2.03% to 36.20 million tonnes in 7M’19
In July 2019, CPC Marine Terminal (MT) lifted 5,699,630 gross tons (45,089,993 barrels) of crude oil, 54 tankers were handled, which is 2 tankers more than during the previous month. July lifting schedule was completed in full.
As a note, 340 oil tankers were handled at the MT in January-July 2019, which took 36,201,636 gross tons of crude in their tanks.
Out of the 5,699,630 tons lifted in July 2019, 2,423,264 tons of crude was from Tengiz field, 881,978 tons from Karachaganak field, 1,383,686 tons from Kashagan field and 233,133 tons from other Kazakhstani producers.
In July, the Kazakhstani producers shipped in total 4,922,061 tons of crude, and 777,569 tons of lifted crude was received from the Russian territory.
From 2001 through July 31, 2019, 618 810 787 net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk crude pipeline system. 538,839,527 tons of that crude came from Kazakhstan and 79,971,260 tons of crude was produced in Russia.
CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. The length of the Tengiz–Novorossiysk Pipeline is 1,511 km; it transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also amid poor weather conditions.
CPC Shareholders: Russian Federation (represented by Transneft – 24% and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunayGaz – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% and Oryx Caspian Pipeline LLC – 1.75.
