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Caspian Pipeline Consortium successfully ships its 6 000th marine tanker

Caspian Pipeline Consortium successfully ships its 6 000th marine tanker

Novorossiysk, November 27 - Neftegaz.RU. Caspian Pipeline Consortium (CPC), that is a consortium to take oil from Tengiz oil field in West Kazakhstan to Russia’s Novorossiysk sea port, has shipped its 6 000th marine tanker to Russia since its commissioning in 2001. More than two thirds of Kazakhstan’s total export oil is transported via the CPC pipeline.

Consortium Management noted that 6 000 tankers have been loaded with no accidents or incidents involving spills of hydrocarbons and in full compliance with HSE requirements. CPC MT loaded the 1st tanker in October 2001. It loaded the 1,500th tanker in 2008 and the 3,000th in 2013. The 4,000th tanker was loaded in February 2016, and the 5,000th in February 2018.

The Marine Terminal utilizes the advanced technology, which is currently used by no more than 40 oil terminals worldwide. Vessels approach not the oil port berths but 3 Single Point Mooring units (SPM) located more than 5 km away from the shore. Oil can be lifted from the SPM in a safe manner, including in inclement weather conditions.

The Tengiz-Novorossiysk Crude Oil Pipeline System transported almost 640 million tons of crude oil to the world markets between 2001 and mid-November 2019. In January-October 2019, CPC exported approximately 52 million tons of oil, which is 4 % more than in the same period of 2018 (50 million tons).

The largest volumes of oil in 2018 came from the Tengiz (28.7 million tons), Kashagan (13.2 million tons) and Karachaganak (10.3 million tons) fields.

CPC Shareholders are. Russia (represented by Transneft – 24 % and CPC Company – 7 %) – 31 %; Kazakhstan (represented by KazMunayGas – 19 % and Kazakhstan Pipeline Ventures - 1,75 %) – 20,75 %; Chevron Caspian Pipeline Consortium Сompany - 15 %, LUKARCO B.V. - 12,5 %, Mobil Caspian Pipeline - 7,5 %, Rosneft-Shell Caspian Ventures Limited - 7,5 %, BG Overseas Holding Limited - 2 %, Eni International - 2 % and Oryx Caspian Pipeline – 1.75%.

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